Dear Users,
To offer more flexible TP and SL strategies for position management across different market conditions, BingX USDⓢ-M Perpetual Futures has introduced a new option: Close by BTC price. You can use the BTC price as a market reference to set TP or SL for your current positions.
*This feature is currently in phased rollout testing and is being released gradually. If you do not see the entry yet, please wait for it to become available.
1. What Is the “Close by BTC Price” Feature
This feature allows you to use the BTC price as the trigger condition to set TP or SL for your current positions. When the BTC price reaches your set trigger price, the system will automatically close the current position at market price. This feature is suitable for strategies that use the BTC market trend as an overall trading signal.
2. How to Use the “Close by BTC Price” Feature
1. Once you have an open position, click “Close by BTC Price” in the positions list, or click the “TP/SL” button and select “Close by BTC Price” in the pop-up window.
2. Set trigger condition
Enter a “Trigger Price” or “Change” to set the trigger condition, then click Confirm to complete the setup.
3. After the setup is complete, you can view the related orders and settings in “Positions”, “Open Orders”, and “Order History”.
3. Additional Notes
1. “Close by BTC Price” is only available for open positions (after it is triggered, the entire position will be closed at market price for TP or SL). It is not currently supported when placing orders.
2. This feature does not currently support Guaranteed TP or Guaranteed SL.
3. Each position can have only one “Close by BTC Price” strategy set: one TP and one SL.
4. This feature applies only to USDⓢ-M Perp Futures pairs other than BTC (excluding TradFi products).
5. As the price movements of different pairs may not fully align with BTC, the actual filled price will be based on the market price of the pair at the time of trigger.
