🤑Take Profit/Stop Loss (TP/SL)
Last updated
Last updated
TP/SL orders close your position when a pre-defined profit or loss price has been triggered on your position...
The market price is used to trigger TP/SL orders.
TP/SL orders can be added to your order in a number of ways:
Enter the TP/SL price you want
Enter the $ value you wish to profit or lose
Enter the % price increase/decrease you wish to see
Click the TP or SL input and click on the TradingView chart. These TP/SL prices can be dragged & dropped on the chart for fine-tuning.
TP/SL market orders have a slippage tolerance of 10%. This means that the TP/SL will execute fully only if the price impact is less than 10%.
TP/SL has a size equal to the entire position by default. These orders will attempt to close the entire position at the time of trigger.
Vibe Trading allows you to add or modify a TP/SL on an already open position or open order.
To do so:
Find the position/order in the position panel under the TradingView chart.
Click the TP/SL icon.
Fill in the modal with the data you desire.
