Open Trade

Trade Type and whether it is long (buy) or short (sell)

Market: To be used to open a trade immediately. It will open at the market price (+ spread).
Limit: To be used when you want to go long at a lower price than present, or to go short if the price reaches a higher price than present. Executes at exact price set if price reaches threshold + spread.
Stop: To be used when you want to go long if the price reaches a higher price than present, or to go short if the price reaches a lower price than present. You might want to use this to long a breakout, or short a breakdown. The execution price is the current market price + spread.

Set Stop Loss or Take Profit

Understanding TP/SL Execution and Slippage

Take Profit (TP) and Stop Loss (SL) are essential tools for managing risk and locking in profits on LeverageX. However, their execution depends on several factors, including slippage settings. Slippage refers to the acceptable price difference between your set TP/SL level and the actual market price when the order is executed.

How TP/SL Execution Works

When the market price reaches your TP/SL level, the system checks whether the slippage tolerance (the difference between the expected and actual price) is within your set percentage.
If the market price deviates beyond the slippage tolerance, the TP/SL will not execute.

Best Practices for Setting TP/SL with Volatile Assets

To ensure your TP/SL orders execute reliably, follow these tips:

Adjust Slippage Tolerance:
1. For less volatile assets, the default 3% slippage is often sufficient.
2. For highly volatile assets, such as meme tokens like $TRUMP or $MELANIA, consider increasing the slippage to 5% or higher.
Monitor Market Volatility:
1. Before trading, review the token’s volatility. The more volatile the asset, the higher the slippage setting should be.
2. Keep in mind that trading volatile assets requires more attention to TP/SL settings.
Test with Small Positions: If trading a highly volatile token for the first time, consider starting with a smaller position size to test the execution of TP/SL orders.

Last updated 12 hours ago

Trade Type and whether it is long (buy) or short (sell)

Market: To be used to open a trade immediately. It will open at the market price (+ spread).

Limit: To be used when you want to go long at a lower price than present, or to go short if the price reaches a higher price than present. Executes at exact price set if price reaches threshold + spread.

Stop: To be used when you want to go long if the price reaches a higher price than present, or to go short if the price reaches a lower price than present. You might want to use this to long a breakout, or short a breakdown. The execution price is the current market price + spread.

Set Stop Loss or Take Profit

Understanding TP/SL Execution and Slippage

How TP/SL Execution Works

When the market price reaches your TP/SL level, the system checks whether the slippage tolerance (the difference between the expected and actual price) is within your set percentage.

If the market price deviates beyond the slippage tolerance, the TP/SL will not execute.

Best Practices for Setting TP/SL with Volatile Assets

To ensure your TP/SL orders execute reliably, follow these tips:

Adjust Slippage Tolerance:

For less volatile assets, the default 3% slippage is often sufficient.
For highly volatile assets, such as meme tokens like $TRUMP or $MELANIA, consider increasing the slippage to 5% or higher.
You can set your slippage tolerance when opening a trade. The slippage setting can be found in the lower left corner of the trading interface.

Monitor Market Volatility:

Before trading, review the token’s volatility. The more volatile the asset, the higher the slippage setting should be.
Keep in mind that trading volatile assets requires more attention to TP/SL settings.

Test with Small Positions: If trading a highly volatile token for the first time, consider starting with a smaller position size to test the execution of TP/SL orders.