Knowledge Notes | Reduce-Only
① Reduce-Only orders only reduce existing positions. They cannot increase a position or open a new position in the opposite direction.
② In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If the position has already been closed when the order is triggered, it will not open a new position in the opposite direction.
③ After closing a position manually, remember to check whether any previously placed take-profit or stop-loss orders are still pending and cancel them if needed.
$BTC 83670.78 (-0.37%)
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① Reduce-Only orders only reduce existing positions. They cannot increase a position or open a new position in the opposite direction.
② In One-Way Mode, conditional orders such as take-profit and stop-loss orders can also be set to Reduce-Only. If the position has already been closed when the order is triggered, it will not open a new position in the opposite direction.
③ After closing a position manually, remember to check whether any previously placed take-profit or stop-loss orders are still pending and cancel them if needed.
$BTC 83670.78 (-0.37%)
#BTC