Take Profit / Stop Loss

TP and SL orders allow you to automatically lock in gains or limit losses by closing your position at preset levels. All TP/SL triggers use the mark price.

How to Place TP/SL:

• Toggle TP/SL

  • Set TP and/or SL Prices or %

OR Add or adjust TP/SL orders directly on the TradingView chart.

• If you drag an order to a level where it would execute instantly, you’ll get an error to prevent accidental fills. If you want a TP/SL to execute now, close it manually from the position table or order form.

Market vs Limit TP/SL Orders

• Market TP/SL: Executes at market price with a default 10% slippage tolerance.

• Limit TP/SL: Executes at your chosen price, letting you control slippage.

  • Example: For a long position, you set trigger at $10, limit at $10. If price falls from $11 to $9, your SL may not fill, waiting at $10. Setting a lower limit (e.g. $8) increases fill chances, possibly at a worse price.

TP/SL Tied to a Position

• Placing TP/SL via the position form defaults them to the full position size.

• You can manually fix the TP/SL size; it won’t change if your position size changes.

• Simple and beginner-friendly.

TP/SL Linked to Parent Order (OCO - One Cancels Other)

• TP/SL can be linked to a parent order for advanced setups.

  • If the parent order fully fills, TP/SL is activated immediately.

  • If the parent order partially fills, TP/SL stays inactive.

  • Cancelling a partially-filled parent order cancels the linked TP/SL.

  • If the parent order auto-cancels due to margin, TP/SL will activate for the fill.