How to Set up TP/SL Order?
What is a TP/SL order?
A TP/SL order stands for Take Profit and Stop Loss and is a feature that allows you to set a position to exit at a price when you reach a desired profit zone or incur losses above a certain level.
This feature is very important as a risk management tool to lock in profits and limit losses.
Purpose of TP/SL orders
| Function | Description |
| Take Profit (TP) | Automatically closes the position when the target profit zone is reached, locking in profit. |
| Stop Loss (SL) | Automatically close a position when a set loss limit is reached to prevent further losses. |
💡Example of using TP/SL
• Position: Long position (BTCUSDT)
• Entry price: 100,000
• TP price: 110,000
• SL price: 80,000
→ Take Profit when the price reaches 110,000, Stop Loss when the price reaches 80,000
How to set up TP/SL order?
When creating a position, you can preset the TP/SL price.
1. Select +Add TP/SL in the order window.
2. When setting up a TP/SL order, the Trigger Price can be set to one of the following
• Trigger by ROI (%) (Trigger by ROI)
◦Triggers the TP/SL order when the profit/loss ratio of the position you entered reaches a certain percentage.
• Trigger by Change (%)
◦Trigger a TP/SL order when the percentage change of the entered position reaches a certain percentage.
• Trigger by PnL (Trigger by PnL)
◦Trigger a TP/SL order when the PnL of the position you entered reaches a certain amount.
3. Choose either the index price or the last traded price as the reference point for the trigger price.
4. The TP/SL order will be exposed on the Open Orders tab and will remain open until the target Take Profit or Stop Loss price you set is reached.
⚠️Please Note TP/SL is executed as a market or conditional order. However, the order does not guarantee execution at that price. In other words, if the price changes rapidly, execution may occur at a price that differs from the Trigger Price.
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