What does the Reduce-Only option do?
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 won't open a new position in the opposite direction.
In Binance USDโ-M Futures, opening and closing orders are placed separately in Hedge Mode, so there is no Reduce-Only option.
The most important thing to remember when managing positions: In One-Way Mode, it's best to enable Reduce-Only for exit limit orders and conditional orders.
$BTC 76974.01๏ผ-1.4%๏ผ
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 won't open a new position in the opposite direction.
In Binance USDโ-M Futures, opening and closing orders are placed separately in Hedge Mode, so there is no Reduce-Only option.
The most important thing to remember when managing positions: In One-Way Mode, it's best to enable Reduce-Only for exit limit orders and conditional orders.
$BTC 76974.01๏ผ-1.4%๏ผ
