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Take Profit and Stop Loss (TP/SL) predefine your exits: a take profit closes some or all of a position at a level in profit, and a stop loss caps your downside. You can attach TP/SL while placing an order or add them to any open position, and you choose how each exit executes.

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How it places orders

  • Each leg is a trigger. Nothing new rests on the book until price reaches your trigger, then the exit order is placed automatically.
  • Set each leg by price, or by gain/loss in percent or $. The other field converts automatically from your entry price and position size.
  • Choose the exit execution per leg: Market closes immediately with slippage capped at 5%, Limit rests an order at the trigger price, Chase follows the best bid or ask, and TWAP slices the exit over a set window.
  • Whichever trigger fires first starts the exit, and the strategy tracks it until the size is closed.
  • Configure Amount closes a portion of the position instead of all of it, set as a percent of the position or a fixed asset amount.

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When to use it

  • Bracket a position with a profit target and a risk limit in one step.
  • Enforce risk discipline without watching the screen.
  • Scale out: take partial profit at a target while the stop covers the full position.

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Parameters

At least one of TP or SL is required. Both can be set on the same position.

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Example

You are long 0.2 BTC from $65,000. You set a take profit at $71,500 (a 10% gain) as a Limit exit and a stop loss at $61,750 (a 5% loss) as a Market exit, both on full size. If BTC trades up to $71,500, a limit sell rests at that price. If BTC instead drops to $61,750, the position closes immediately at market with slippage capped at 5%.
Non-market exits carry fill risk: a limit, chase, or TWAP exit may not fully close the position during a fast move. A market stop can also fill worse than its trigger price if the market gaps through your level.