Can you explain how orders are closed on BitMEX?

1 answers

• Dec 18, 2021 · 3 years ago
  At BYDFi, we understand the importance of order closure on BitMEX. When you place an order on BitMEX, it will remain open until one of the following conditions is met: the market reaches your specified price for a limit order, the market reaches your stop price for a stop order, or a market order is executed for a market order. Once any of these conditions are met, your order will be closed. BitMEX also offers advanced order types like trailing stops and take profit orders, which can be used to automatically close positions based on specific criteria. It's crucial to carefully consider your trading strategy and risk management when closing orders on BitMEX.
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