updates
We are delighted to share that TabTrader now provides access to a variety of new order placement features on the Binance Futures crypto derivatives exchange. Here is what they are.
Trailing stop order
TabTrader now supports placing Trailing Stop orders for USDā-M and COIN-M futures on Binance Futures. This new order type joins the existing Market, Limit, Stop Market, and Stop Limit orders.
A Trailing Stop order is a type of stop order that sets its stop price at a certain percentage or dollar amount away from the instrumentās current market price. To learn more about Trailing Stop order and how to use it, check out this article at TabTrader Academy.
The āReduce onlyā Flag
Checking the āreduce onlyā box inside of the order form ensures that your new order will only decrease and never increase your currently open positions.
Time in force
āTime in Forceā is an order parameter that determines how long an order will remain active until itās automatically canceled. If you set time-in-force to āFill or Killā your order will be canceled if not executed in its entirety at once. āImmediate or Cancelā fills as much of the order as possible immediately after placement and cancels the reminder.
Post only
By toggling the āPost Onlyā switch, a trader can ensure that their order will not be executed immediately but instead will add liquidity to the orderbook. Such an order will be charged a lower commission compared to one that is executed right away.
Stop price type
For stop orders, traders now have the option to set the trigger price toālast priceā or āmark price.ā The ālast priceā is the most recently recorded transaction price for a contract, while the āmark priceā is the estimated fair value of the same contract.
We hope these new features will make your experience trading futures on Binance with TabTrader even more enjoyable. If you have any questions or feedback, please donāt hesitate to contact us at [email protected] or join our Telegram group.