Advanced order entry is our new, enhanced order form that provides additional risk management control to traders. It is available for all leverage-based trading features on Liquid.
What does advanced order entry do?
Traders now have more control over their positions. Besides traditional price targets, you can now enter absolute or percentage profit and loss targets.
For example, you can tell your position to close once it reaches either 100 USD in profit or a 10% loss.
Price: The price at which your order will be triggered.
Target: The target amount of profit or loss of the trade. For example, you target to make $100 USD but you don't want to lose more than $20 USD.
Percent: The percentage profit/loss target of the trade.
Here's how to use stop loss and take profit on Liquid.