Stop Loss and Take Profit are price limiters in a trade, essential for automatically closing a position to lock in profit or limit loss.
Take Profit (TP): Closes a trade automatically when a specific profit target is reached.
Stop Loss (SL): Closes a trade automatically when a specific loss threshold is reached to prevent further losses.
You can set these limits when opening a new trade or at any time while a trade remains open.
What is Stop Loss?
Stop Loss is an order that automatically closes a trade when the asset’s price reaches a level you set to limit potential losses. This helps protect your investment if the market moves against your position.
Stop Loss is placed below the entry point when opening a BUY trade to prevent a more significant loss in case of an undesirable price drop.
Stop Loss is placed above the entry point when opening a SELL trade to prevent a larger loss if the price unexpectedly rises.
Stop Loss acts as a protective mechanism, designed to limit risk. It is adjusted by a trader directly, depending on their individual trading strategy. The minimum Stop Loss level on the platform is 10% of the trade amount.
What is Take Profit?
Take Profit is an order that automatically closes a trade when the asset’s price reaches a level you set in advance, allowing you to lock in your profits without having to monitor the market continuously.
Take Profit is placed above the entry point when opening a BUY trade to secure profit as the price rises.
Take Profit is placed below the entry point when opening a SELL trade to lock in profit if the price falls.
You can also set Quick Take Profit (QTP), which is useful for saving time when configuring trade parameters. The QTP amount is set automatically when this option is enabled.
How to set Take Profit for a new trade
Desktop
When setting up a new trade, check the "Take Profit" box and specify the trigger value.
You can choose either an amount or a price quote as the condition for Take Profit to be triggered.
To switch between QTP (Quick Take Profit) and regular Take Profit modes, use the triangle-shaped toggle button next to the "Take Profit" or "QTP" field.
Mobile app
When setting up a new trade, tap this button on the left:
Enable the "Take Profit" function and specify the trigger value. You can select either an amount or a price quote as the condition for Take Profit to be triggered. Then tap the "Set" button.
To switch between QTP (Quick Take Profit) and regular Take Profit modes, check the box next to the "TP" or "QTP" field.
How to set Stop Loss for a new trade
Desktop
When setting up a new trade, check the "Stop Loss" box and specify the trigger value.
You can choose either an amount or a price quote as the condition for the Stop Loss to be triggered.
Mobile app
When setting up a new trade, tap this button on the left:
Enable the "Stop Loss" function and specify the trigger value. You can select either an amount or a price quote as the condition for the Stop Loss to be triggered. Then tap the "Set" button.
How to set Take Profit for an open trade
Desktop
Open your active trades list and select the position you wish to modify. In the trade settings window, check the "Take Profit" box, specify the trigger value and condition (by amount or price quote), and click "Save".
Mobile app
In the trade settings, tap the button on the left. Then enable the "Take Profit" function, specify the trigger value and condition (by amount or price quote), and tap "Update".
How to set Stop Loss for an open trade
Desktop
Open your active trades list and select the position you wish to modify. In the trade settings window, check the "Stop Loss" box, specify the trigger value and condition (by amount or price quote), and click "Save".
Mobile app
In the trade settings, tap the button on the left. Then enable the "Stop Loss" function, specify the trigger value and condition (by amount or price quote), and tap "Update".
