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Version: 1.0

Managing Trades: Take-Profit (TP) & Stop-Loss (SL)

description: >- You can add TP/SL orders to any open position to automate your risk management and profit-taking.​

Managing Trades: Take-Profit (TP) & Stop-Loss (SL)

How to Access: ​

Click the + TP/SL button or the pencil icon on any row in the Positions tab.

Take-Profit (TP)​

Stop-Loss (SL)​

In the TP/SL Modal:

  • Set Price: Input the specific price at which you want your Take-Profit or Stop-Loss to trigger.
  • Set Size (Slider): Use the slider (0-100%) to determine what fraction of your position should be closed when the trigger price is hit. You can close anywhere from a small portion to the entire position.
  • Market vs. Limit Toggle:
    • Market (Default): Guarantees execution. When your trigger price is hit, a market order is sent.
    • Limit: Aims for better pricing. When your trigger price is hit, a limit order is placed at your specified price. Execution is not guaranteed if the market moves away quickly.