Smart Trading
Take Profit & Stop Loss
The Take Profit (TP) and Stop Loss (SL) functionalities are integral aspects of risk management, allowing the system to automatically close a position once it reaches a certain profit or loss threshold.
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These tools help you enforce disciplined trading practices and safeguard your investments from excessive market volatility.
Price Trigger
The primary trigger that executes the TP or SL order when the specified price is reached.
Fixed Profit/Loss
Allows setting a desired static profit or loss (on this position) in the root asset type (e.g., USD), recalculated using the cross rate at the order time.
Percentage Volume
Set a static percentage change in the QUOTE currency that triggers the order when the price reaches the corresponding change from the initial price.
Points
Specify a static numeric value in Points that will trigger the order based on price change, calculated relative to Tick size.
Associated
trading costs
Any associated trading costs, such as spreads, funding, commissions, and swaps are not included in the P&L calculation.
Risk Management
Assures automatic exits from positions based on pre-determined profit or loss thresholds, protecting against severe market downturns.
Profit Maximization
Provides a disciplined approach to capturing profits without emotional interference.
Enhanced Trading Efficiency
Minimizes the need for constant market monitoring by automating key aspects of trading strategy execution.
Stress Reduction
Offers peace of mind knowing that trades will be executed at defined levels, reducing anxiety associated with market volatility.