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How to Enable Price Protection Function

2020-10-29 08:12

What is Price Protection?

Price Protection is a feature that protects your open orders from extreme market movements and abnormal trading activity. For instance, when the Last price and the Mark Price of a futures contract exceeds a pre-determined threshold that could potentially trigger stop-loss or take-profit orders, the Price Protection function will prevent the stop-loss/take-profit orders from being triggered.
Please note that the Price Protection function takes effect only after it is enabled and has no effect on historical orders when it is disabled, vice versa. API orders are not subject to the Price Protection switch.
View the Price Protection threshold in Trading Rules.

How to use the Price Protection Function?

The Price Protection Function is available on both the Binance website and Binance App. This function applies to all types of orders, you can choose to turn it on or off anytime.
Please note that if you wish to enable Price Protection for both USDⓈ-M Futures and COIN-M Futures, you have to set it up manually on their respective trading interface.

How to enable Price Protection on the Binance website?

1. Click on the [Setting] icon on the upper right corner of the order interface and click [Preference].
2. Go to the [Price Protection] tab and toggle on the button next to it. Click [Confirm] to save.

How to enable Price Protection on the Binance App?

1. Go to the Futures trading interface on Binance App and tap [...] - [Preference] on the right corner.
2. Tap [Price Protection]. Toggle on the button to enable the function.