Skip to main content

Why would I use Switch Mode?

  • Updated

Switch Mode exists because markets move and strategies evolve inside a single trading session. A trader running a directional long in One-Way Mode can flip to Hedge Mode to overlay a tactical short against the same contract without closing the runner. A trader who has finished hedging can flip back to One-Way Mode to simplify position tracking and net exposure. 

Switch Mode also helps traders who want to test Hedge Mode without committing to closing a profitable position first. The position mode no longer dictates when a trader can adjust strategy, which removes a friction point that previously forced close-and-reopen decisions. 

Learn more about which trading strategies benefit most from switching position modes here.

Related articles

This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.


Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.