Take-Profit
Take profit is an order that closes your position once it reaches a certain level of profit.
There are 4 ways to set up a Take Profit Order, namely:
1) Setup when submitting an open position order (Confirmation Window)
- One-click setup on order confirmation window
- Partial closure of position is not allowed
- Will be executed as a Take Profit market order
- Can be configured to be triggered by Last Traded Price (Last), Index Price (Index) or Mark Price (Mark)
- Only available when there are no other current existing positions
2) Setup on the open position tab
- One-click setup on open position tab
- Partial closure of position is not allowed
- Will be executed as a Take Profit market order
- Can be configured to be triggered by Last Traded Price (Last), Index Price (Index) or Mark Price (Mark)
3) Setup using a limit order via the Close by Limit function
- Click on the 'Limit' button inside the open position tab
- Partial closure of position is allowed
- Will be executed as a Take Profit limit order once the last traded price hits order price
4) Setup using the Conditional Limit/Market Order
- Setup order in the opposite direction against an open position
- Partial closure of position is allowed
- Can be executed as a limit or market order once the selected reference price hits Trigger Price
- For more information, please kindly visit How to set your TP and SL using the Order Placement Column
- For conditional orders intended for closing positions, please select the Close on Trigger option to ensure that it can still be executed regardless of margin requirements.
Stop-Loss
Stop Loss is designed to be an exit order strategy to limit the amount of losses for a position. When the selected reference price reaches the Stop Loss price, the order will be closed immediately.
There are 3 ways to set up a Stop Loss order, namely:
1) Setup within the order confirmation window when submitting a Limit or Market Order
- One-click setup on order confirmation window
- Partial closure of position is not allowed
- Will be executed as a Stop Loss market order
- Only available when there is no existing position
2) Setup on the open position tab
- One-click setup on open position tab
- Partial closure of position is not allowed
- Will be executed as a Stop Loss Market Order
- Can be configured to be triggered by Last Traded Price (Last), Index Price (Index) or Mark Price (Mark)
3) Setup using the Conditional Limit/Market Order
- Setup order in the opposite direction against an open position
- Partial closure of position is allowed
- Can be executed as a limit or market order once the selected reference price hits trigger Price
- For conditional orders intended for closing positions, please select the Close on Trigger option to ensure that it can still be executed regardless of margin requirements.
