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MMR SL

Bitget Announcement2024/01/31 03:23
By:Bitget

What is MMR SL?

Bitget has developed a new stop-loss feature to minimize the risk of liquidation. This feature is based on margin ratio (MMR). For futures trades, the risk of a position is measured based on MMR, with a higher MMR representing a higher risk. Liquidation occurs when the MMR reaches 100%. By using the MMR value to set SL, we can minimize the risk of liquidation.

With MMR SL, you can set a threshold from 70% to 90%. For example, if you set a threshold of 85% for the btcusdT long position, the system will close all BTCUSDT long positions when the MMR is equal to or greater than 85%.

Note:

1. MMR SL is set based on the position, and the corresponding position will be closed when the SL is triggered.

2. When the market is volatile, there may be scenarios where the MMR value jumps directly to 100% (reaching 100% triggers liquidation/partial liquidation), in which case an MMR stop-loss failure may occur.

How to set MMR SL?

MMR SL can be set directly on the position page since it is a type of stop-loss.

Website:

1. On the position page of a trading pair, click MMR SL in the TP/SL list.

2. Close the pop-up window.

3. Set a threshold between 70%–90% for MMR SL, and tap OK. MMR SL orders can be viewed in Open orders > TP/SL.

Note:

1. The MMR stop-loss threshold must be greater than or equal to the current MMR.

2. Thresholds can be set between 70%–90%.

App:

1. Tap TP/SL on the position page.

2. Close the pop-up window.

3. Set a threshold between 70%–90% for MMR SL, and tap OK. MMR SL orders can be viewed in Open orders > TP/SL.

Note:

1. The MMR stop-loss threshold must be greater than or equal to the current MMR.

2. Thresholds can be set between 70%–90%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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