How to set stop loss and stop profit in Huobi Huobi_Guide to set stop loss and stop profit in Huobi

Huobi's stop loss and take profit setting method varies according to the type of transaction, mainly including spot trading and contract trading. The following are explained separately:

1. Spot trading stop loss and take profit settings:

The stop-loss and stop-profit function of Huobi ( ) spot trading is usually implemented in the form of a "stop-profit and stop-loss order", rather than being directly set in the entrust order. This means you need to place an additional order to achieve stop loss and profit. There are no "stop loss price" and "take profit price" options built directly into the buy and sell order.

• Method: You need to place a stop loss order and a take-profit order respectively after entrusting the order to buy or sell. Stop loss orders will be automatically sold when the price falls below your set price, and take profit orders will be automatically bought (sell) when the price rises below your set price. Both orders are limit orders.
• step:

1. Place an order: First perform normal buying or selling operations.
2. Setting a stop loss order: Select "Limit Order" in the ordering interface and enter your stop loss price and quantity (consistent with the number of positions or part of it). The stop loss price should be lower than your buying price (at the time you sell) or higher than your selling price (at the time you buy).
3. Setting a take-profit order: Also select "Limit Order" in the ordering interface and enter your take-profit price and quantity (consistent with the number of positions or part of it). The take-profit price should be higher than your buying price (at the time you buy) or lower than your selling price (at the time you sell).

2. Stop loss and stop profit settings for contract trading:

The stop loss and take profit settings for hot contract trading are relatively flexible, usually with the following:

• Stop loss take-profit order (limit order): Similar to spot trading, you need to place additional orders to set stop loss orders and take-profit orders. This applies to situations where you have clear expectations of the price.
• Stop loss and take-profit order (market order): You can set a market stop loss order or a market take-profit order. This will be traded at the market price immediately when the price is triggered, but may cause the actual transaction price to deviate from expectations due to market fluctuations.
• Tracking Stop: This is a more advanced feature in contract trading. Tracking stop loss will automatically adjust the stop loss price as the price rises, thereby locking your profits. You need to set a tracking ratio, for example 1%. When the price rises, your stop loss price will move upwards, protecting your profits. When the price falls, the stop loss price remains unchanged.
• The stop loss price is directly set in the opening interface: Some contract trading interfaces allow you to set the stop loss price directly when opening a position. This will directly create a stop order that is linked to your opening trade.

What should be noted is:

• Slip: Due to market fluctuations, especially when fluctuations are severe, your stop loss and take profit order may not be traded at the price you set, which is called slippage.
• System delay: System delay may also cause stop loss and take profit orders to be unable to be executed in time.
• The settings of different currencies/contracts may be slightly different: Please carefully read the specific instructions and help documents on the Huobi platform to understand the stop loss and profit settings of the currency or contract you are trading.

Recommendation: Before using the stop loss and take profit function, it is recommended that you practice under a demo account or small amount of funds, be familiar with the operating procedures and understand potential risks. Do not rely on stop loss and profit to completely avoid risks.

In short, Huobi does not have a one-click stop loss and take profit function, and users need to set stop loss orders and take profit orders by themselves. The specific operation steps vary according to the transaction type and interface version. Please refer to the official help document of Huobi or contact customer service to obtain the latest information.

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