Take Profit & Stop Loss Orders

Introducing our latest feature - Take Profit and Stop Loss Orders 🎉

This new feature allows users to automatically close their position when predefined profit or loss thresholds are reached, so you can lock in gains and mitigate losses from open positions.

What are Take Profit and Stop Loss Orders?

Take Profit orders are orders placed to automatically close a position and realize profits when the market price reaches a predefined price level:

• Long Position: higher than entry price

• Short Position: lower than entry price

Stop Loss orders are orders placed to automatically close a position and minimize losses when the market price reaches a predefined price level:

• Long Position: lower than entry price

• Short Position: higher than entry price

✅ Benefits: It allows (1) better risk management and (2) flexibility to set specific buying/selling prices.

❌ Limitation: This can limit your profitability if the price moves in your favor.

How should I set the Take Profit and Stop Loss Orders?

Direction	Take Profit Order	Stop Loss Order
Long Positions	Set it at a price level above the entry price where you wish to close the trade and take profit	Set it at a price level below the entry price where you wish to close the trade and avoid further losses, and above the liquidation price to prevent liquidation instead of just closing position
Short Positions	Set it at a price level below the entry price where you wish to close the trade and take profit	Set it at a price level above the entry price where you wish to close the trade and avoid further losses, and below the liquidation price to prevent liquidation instead of just closing position

When will the Take Profit and Stop Loss Orders be triggered?

Take Profit (TP)

Scenario	Triggering Condition (Long Positions)	Triggering Condition (Short Positions)
TP Price < Mark Price	N/A	Take Profit is triggered where Mark Price = TP Price
TP Price > Mark Price	Take Profit is triggered where Market Price = TP Price	N/A

Stop Loss (SL)

Scenario	Triggering Condition (Long Positions)	Triggering Condition (Short Positions)
SL Price < Mark Price	Stop Loss is triggered where Mark Price = SL Price	N/A
SL Price > Mark Price	N/A	Stop Loss is triggered where Mark Price = SL Price

What is Stop-Market Order?

Stop-Market Order is a stop order that is set to buy or sell a cryptocurrency at the market price once it has hit a specified stop price.

Example: You own 1 BTC, and you want to sell it only if the price drops to $45,000 or you want to buy BTC above $70000 as you predict it will break above .

✅ Benefits:

• Helps protect profits and limit losses

• Can be used for both buying and selling

• Provides a layer of automation to your trading strategy

❌ Limitations:

• Not guaranteed to execute if the stop price is not reached

• Vulnerable to slippage, similar to market orders

When will Stop-Market Order be triggered?

Scenario	Triggering Condition (Long Positions)	Triggering Condition (Short Positions)
Stop Price < Mark Price	Placed as Market Order	Stop-Market Order is triggered where Mark Price = Stop Price
Stop Price > Mark Price	Stop-Market Order is triggered where Mark Price = Stop Price	Placed as Market Order

Stop-Limit Order is coming soon. Stay tuned! 📢