Setting Stop-Loss and Take-Profit

Open the KINE App, navigate to the trading page, select the current position, and click on "Stop-Loss/Take-Profit" to access the corresponding page. Users can choose between two methods: "Fixed Quantity" and "Entire Position."

• For short positions, the take-profit price should be lower than the trigger price, while the stop-loss price should be higher than the trigger price.

• For long positions, the take-profit price should be higher than the trigger price, while the stop-loss price should be lower than the trigger price.

1、Fixed Quantity

Users can set the take-profit and stop-loss prices based on the order quantity. The set quantity remains constant and does not change with position size fluctuations. When the latest price reaches the trigger price, the system will execute the closure for the corresponding quantity. Multiple stop-loss/take-profit orders are allowed.

Users can choose between "Normal Stop-Loss/Take-Profit" and "Position Stop-Loss/Take-Profit" modes.

• Normal Stop-Loss/Take-Profit: On the settings page, users input the take-profit/stop-loss prices and quantity. Users can also adjust the "Position Quantity Percentage" slider to select the stop-loss/take-profit quantity. After setting the prices and quantity, the page will display the estimated profit/loss amount. Upon confirming the settings, users can view the set stop-loss/take-profit prices under "Current Positions" - "Stop-Loss/Take-Profit" and can click the edit button again to adjust parameters.

• Trailing Stop-Loss/Take-Profit: Trailing stop-loss/take-profit involves:

  • Tracking market prices for stop-loss/take-profit, where the trigger price adjusts with market fluctuations, and a market order is placed upon triggering. This order helps users dynamically lock in profits or minimize losses during volatile market conditions. The activation price can also be set to trigger the order.

  • Pullback Percentage: The pullback percentage is a key factor in calculating the actual trigger price. It's calculated based on historical highs/lows and the pullback percentage. For example, with a 5% pullback for a sell order and a historical high of 50,000, the current trigger price would be 50,000*(1-5%)=47,500.

  • Activation Price: The activation price triggers the trailing stop-loss/take-profit. Once the market's latest transaction price reaches or exceeds the activation price, the order is activated. After activation, the system starts calculating the actual trigger price. If the activation price is not filled out, the order is activated upon placement.

On the settings page for trailing stop-loss/take-profit, users can adjust parameters such as pullback percentage, activation price, quantity (or position quantity percentage).

2.Entire Position:

This refers to stop-loss/take-profit for the entire position, where the order quantity adjusts with position size fluctuations. When the latest price reaches the trigger price, the position is closed at market price. Only one stop-loss/take-profit order is allowed.

Open the KINE App, select the order under "Current Positions" on the trading page, click on "Stop-Loss/Take-Profit," input the trigger prices, and confirm. Users can also click the edit button again under "Current Positions" - "Stop-Loss/Take-Profit" to adjust parameters or cancel the order.