1. What are Trigger Order and TP/SL
Trigger Order: Trigger Order allows you to preset a condition to be triggered, along with the trigger price and amount. Once the latest traded price has reached the condition, the preset order will be executed at the market price.
TP/SL: TP/SL allows you to preset a trigger price, and the order price and amount once triggered. Once the latest price reaches the trigger price, an order will be executed at the market price.
- The trigger price only represents a specific condition to be met for the order to be active for execution. When the market price hits the preset trigger price, the order will be executed at the market price. The actual execution price and P&L are subject to the market conditions.
- Order processing comes with complexity and is subject to price volatility. To lower order failures and system losses, there is a spread between the trigger price and the current price. The spread is affected by the market liquidity of the trading pairs. The actual spread on the trading page shall prevail.
For more information, please refer to the following:
BingX Operation Team