What is a Reduce-Only Order?
A Reduce-Only order is an order that is executed for the sole purpose of reducing the size of an existing position.
The order does not create a new position, but is only used to close some or all of the positions you currently have.
❓Why use it? • It is used to prevent you from accidentally increasing your position in the opposite direction. • It is set as a safeguard when placing a liquidation order to prevent unwanted new position entries.
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💡Reduce-Only order example
If you hold a 10 BTC long position and place a Reduce-Only sell order for 5 BTC,
→ your existing position will be reduced to 5 BTC.
When to use it?
• Use as a composite strategy when setting up TP/SL orders
• To reduce position size to prevent auto close
⚠️ Reduce-Only orders are only available in One-way position mode. However, the Reduce-Only option is not available for Market orders, even in One-way mode.
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How to open a Reduce-Only Order?
1. On [Futures] page, go to the order panel and select one of the following order types : Limit, Market, Stop Limit, Stop Market or Post-Only
2. Enter the required fields based on the order type.
3. Eanble the Reduce-Only option to activate the order.
