> For the complete documentation index, see [llms.txt](https://guide.dem.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.dem.exchange/trade/trading-modes/trading-futures-on-demex/trigger-stop-orders.md). # Trigger (Stop) Orders ## Introduction TP/SL orders are essential risk management tools in trading. TP/SL orders: * Refer to specific price levels at which traders set their profit target (TP) and the level at which they are willing to exit a trade to limit potential losses (SL) * Can be set when entering a trade or adjusted afterwards based on market conditions and the trader's strategy **Take Profit** is the predetermined price level at which a trader intends to close a position to secure profits. When placing a trade, traders often set a TP order to automatically close their position when the price reaches a certain level that aligns with their profit target. It allows traders to lock in gains and avoid potential reversals or fluctuations that may erode their profits. **Stop Loss** is the predetermined price level at which a trader decides to exit a trade to limit potential losses. By setting a SL order, traders can secure their funds by automatically closing the position if the price moves against their desired direction. It helps traders to manage risk and prevent significant losses in case the market goes against their expectations. * The default option is a 'Market' order. TP/SL orders will be triggered at the market price i.e. when the mark price reaches a certain level, it will trigger either a market or limit order. * Alternatively, users have the option to switch to a 'Limit' order. With a limit order, they can specify the price at which the TP/SL should be triggered. ## Guide * For the user guide on how Take-Profit works, click [here](/trade/trading-modes/trading-futures-on-demex/trigger-stop-orders/take-profit.md). * For the user guide on how Stop-Loss works, click [here](/trade/trading-modes/trading-futures-on-demex/trigger-stop-orders/stop-loss.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://guide.dem.exchange/trade/trading-modes/trading-futures-on-demex/trigger-stop-orders.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.