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:
Locate your position or order in the panel under the chart.
Click the TP/SL icon.
Enter your updated TP/SL details in the modal.
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