The default Stop Loss price functions are set to be triggered if a user loses 80% of his or her Margin. The default Take Profit price functions are set to be triggered if a user earns 200% of his or her Margin. The highest Stop Loss point can be set to 90 % of the occupied margin and the highest Take Profit point can be set to 500% of the occupied margin.
For example, if the current value of bitcoin is 8,000 USDT, when placing a long or buy position with a leverage of 10X and a margin of 250 USDT, the default Stop Loss price is 8000 x (1-80%/10), and the default Take Profit price is 8000 x (1 + 200%/10).
Tip: In order to ensure the security of user assets and manage the risk level, the platform sets the maximum Take Profit point to 500% of the margin. If you are sure you can afford a higher risk, please send us an email for a higher Take Profit point.
Calculation Formula of Profit and Loss
Profit and Loss from Long=(Open price - Close price) x Position
Note: The closing price is the buying-down price indicated by the current market
Profit and Loss from Short=(Open price - Close price) x Position
Note: The closing price is the buying-up price indicated by the current market