🤑Take Profit/Stop Loss (TP/SL)

TP/SL orders close your position automatically once a predefined profit or loss level has been reached. The market price serves as the trigger.

Placing TP/SL

• You can specify the TP/SL level in several ways:

  • Price Input: Enter the exact TP/SL price you want.

  • Dollar Value: Enter the profit or loss amount in USD.

  • Percentage: Enter the desired percentage increase or decrease from your entry.

  • Chart Interaction: Click the TP or SL input box and then click on the TradingView chart. You can drag these lines on the chart to refine them.

• Slippage Tolerance: TP/SL market orders have a 10% slippage threshold. If price impact exceeds 10%, the order may not fully execute.

• Full Position Closure: By default, TP/SL orders aim to close your entire position upon triggering.

TP/SL addition/amendment to Open Positions and Pending Orders

You can add or modify a TP/SL on open positions or pending orders at any time:

1. Locate your position or order in the panel under the chart.

2. Click the TP/SL icon.

3. Enter your updated TP/SL details in the modal.