Trigger (Stop) Orders


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.


  • For the user guide on how Take-Profit works, click here.

  • For the user guide on how Stop-Loss works, click here.

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