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Topic: [Binance] Do stop-market orders support stop loss? (perpetual futures) (Read 118 times)

jr. member
Activity: 42
Merit: 6
Suppose BTC/USDT currently trades at a price of 10,000 USDT on the perpetual futures.

I attempt to trade this way:

  • First I register a stop-market short order with a trigger at 9,000 USDT.
  • Then I want to register a stop loss order (stop-market long) at 10,100 USDT with the reduce-only option enabled, for closing the former position, once opened, in case of price reversal.

Binance accepts and registers this stop loss order, but only if the price is above 10,100 USDT at the time the order is registered, and rejects it otherwise. But even in the first case, despite the order is accepted, its trigger condition is automatically and incorrectly set as "execute if price <= 10,100" rather than the expected "execute if price >= 10,100" making it apparently impossible to attach a stop loss to a stop-market order.
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