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The system will decide if an order is a stop-loss order or a take-profit order based on the price level trigger from mark price hinance last price, or vice versa. PARAGRAPHAccount Functions.
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Binance OCO Orders: How To Set Take Profit \u0026 Stop Loss? [READ PINNED COMMENT!]Stop loss and take profit orders are essential risk management tools in trading. Stop loss orders protect against excessive losses by automatically closing. A stop-loss level is positioned below the current market price and is designed to limit potential losses by automatically closing the trade if the price falls. In contrast, Take Profit automatically closes your order when you've made profits to a certain level. Setting Stop Loss and Take Profit orders may seem easy.
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