How to Use Stop Limit and Stop Market Orders in BYDFi Perpetual Contracts (APP)
Stop Limit and Stop Market orders are advanced trading features in BYDFi Perpetual Contracts. They help traders automate Stop Loss (SL) and Take Profit (TP), protect positions, and manage risk without constantly monitoring charts.
⚠️ Note: In One-Way Position Mode, you cannot enable TP/SL and Reduce-Only at the same time.
How to Place Stop Limit / Stop Market Orders on the App
1. Open the Perpetual Contract Page
- Log in to the BYDFi App.
- Tap Futures on the homepage to enter the Perpetual Contracts trading section.
2. Select Stop Order Mode
- On the order panel, tap to switch to Stop Limit or Stop Market.
3. Set Trigger and Limit Prices
- Stop Limit: Set both a Trigger Price and a Limit Price.
- Stop Market: Set a Trigger Price only — once triggered, the system executes a market order at the best available price.
4. Configure Stop Loss / Take Profit
- Tick TP/SL in the order settings.
- Tap Advanced to choose whether to use Latest Price or Mark Price as the trigger reference.
Stop Limit / Stop Market FAQ (APP)
Why does my Stop Loss / Take Profit order appear when I open a position?
The system automatically generates conditional orders based on your position type and trigger price:
| Direction | Trigger Condition | TP/SL Order Type |
|---|---|---|
| Long | Trigger ≥ Mark Price | Limit SL Order |
| Long | Trigger < Mark Price | Limit TP Order |
| Short | Trigger ≤ Mark Price | Limit SL Order |
| Short | Trigger > Mark Price | Limit TP Order |
Example Scenario (APP)
- Current BTC Price: 114,000 USDT
- User wants to buy: 1 BTC at 113,000 USDT
Step 1: Set Orders
- Trigger Price = 115,000 USDT
- Limit Price = 115,500 USDT
Step 2: Order Behavior
- If BTC falls to 113,000 USDT → Buy is triggered. The Limit TP order at 115,500 USDT is cancelled.
- If BTC rises to 115,000 USDT → Buy is triggered at 115,500 USDT. The Limit SL order at 113,000 USDT is cancelled.
➡️ This ensures TP/SL orders are dynamically managed depending on market moves.
Key Takeaways for App Users
- Stop Limit Orders: Offer more price control, but may not execute instantly during volatility.
- Stop Market Orders: Prioritize speed — once triggered, orders execute immediately at the best market price.
- Always pay attention to whether you’re using Mark Price or Latest Price as your trigger reference to avoid unexpected results.
✅ With Stop Limit and Stop Market Orders in the BYDFi App, you can automate trading strategies, better manage risks, and protect your positions anytime, anywhere.