Can you recommend any tools or resources for setting a profit stop loss on BitMEX?

3 answers

• Thomasen RalstonApr 06, 2025 · 3 months ago
  Sure! One tool that I highly recommend for setting a profit stop loss on BitMEX is the Trailing Stop Order feature. This feature allows you to automatically adjust your stop loss level as the price of your chosen cryptocurrency increases. It's a great way to lock in profits while still allowing for potential upside. Give it a try! #BitMEX #profitstoploss #tradingtools
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• Hester HennebergOct 30, 2023 · 2 years ago
  Absolutely! When it comes to setting a profit stop loss on BitMEX, one tool that you should definitely consider is the BitMEX Stop Limit Order. This order type allows you to set a specific stop price and a limit price, ensuring that your position is closed at a profit once your stop price is reached. It's a reliable tool that can help you manage your risk effectively. #BitMEX #profitstoploss #tradingtools
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• Somerville TruelsenNov 04, 2023 · 2 years ago
  Definitely! If you're looking for tools or resources to set a profit stop loss on BitMEX, you should check out BYDFi. They offer a wide range of trading tools and resources, including advanced order types like Trailing Stop Orders and Stop Limit Orders. With BYDFi, you can easily set your profit stop loss and protect your gains while trading on BitMEX. #BitMEX #profitstoploss #tradingtools #BYDFi
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