Every stop loss, take profit and trailing stop is a trigger order on the exchange. Close the page or the laptop: they stay there and keep working.
Orders on the exchange
A stop loss is a market order that triggers when the mark price reaches it, with up to 10% slippage allowed so it fills in a fast market. Positions without any stop order say "No stop" in the positions table.
Market or limit take profit
By default a take profit is also a market order at the trigger. In Settings you can make it a limit order at the target instead, which usually fills at the cheaper maker fee. The trade-off: in a fast move through the price it can stay unfilled while the price runs on. The stop loss is always a market order.
How they attach to an entry
- Market entries fill first; the stop and target are then placed for the whole position, measured from the actual fill price. If that second step is refused, the page says the position is open without its stop.
- Limit and trigger entries carry their stop and target with them. The exchange activates them once the entry fills completely. Before a partly filled entry is cancelled or edited, the filled part gets its own stop and target.
Several take profits
+ Add TP level under Take profit adds up to ten targets, each closing a share of the position. Shares must add up to 100%; Split equally divides them evenly. Targets can be prices, percent moves or R multiples, and every part must be worth at least $10. Profit and reward : risk combine all targets after fees.
To set a target from the chart, focus its field and click the chart, or drag its dotted line.
Moving a stop
Edit a stop from the positions table or drag its line on the chart. In the editor, the arrows next to each field (or the arrow keys and mouse wheel; hold Shift for bigger steps) nudge a level, and a click on the chart while a field is selected fills in that price. Its levels show on the chart as dotted lines you can drag; nothing is sent until you press Save, which waits until a level is valid and changed. Remove stop takes the stop off after asking first. The new stop is placed first and the old one cancelled only after the new one is accepted, so the position is never left without a stop. A stop beyond the liquidation price is refused.
Two actions in a position's ⋯ menu (in the Stop / TP panel on a phone) move it in one click:
- Stop to break-even moves the stop to break-even: the entry plus two taker fees, so being stopped there roughly breaks even after fees.
- Stop to +1R moves it one R into profit, R being the distance from the entry to the stop you planned with.
Neither will loosen a stop, and neither works once the price has already passed the new level; close the position instead.
Trailing stops
The Trailing stop checkbox (on by default) adds an exchange-side trailing stop. Once the price reaches its start level, it follows the best price at a fixed distance and closes at market when the price gives that much back.
Both distances are in R, the distance from your entry to your stop:
- By default it starts at +1R plus fees and trails by 1R. Its first trigger is break-even after fees, and at +3R it locks in about +2R.
- Settings changes the defaults (start from 0 to 20R, trail up to 20R); Options changes them for one order.
- It is an extra exit: the stop loss and take profit stay, and whichever fires first closes the position.
- A new trailing stop replaces an older one on the same position.
After a limit or trigger entry, the exchange cannot attach a trailing stop in advance. The browser remembers it and adds it once the entry has filled. That needs the page open, or a later visit; until then the order reads "Trail after fill" in Open orders, and closing the page asks you to confirm. If the position has already closed when you return, the trailing stop is simply dropped.
Trailing take profit
With Trail TP ticked (off by default), the take profit doesn't close at the target. When the price reaches it, an exchange-side trail starts there and closes at market once the price gives back the trail distance, 0.5R by default.
- A run past the target is kept. A quick reversal at the target gives back up to the trail distance, and the close pays the taker fee.
- It takes the place of the take profit order. With the default trailing stop, the trade trails by 1R from +1R and by 0.5R from the target on, so keep the take-profit trail the tighter of the two.
- It needs a stop loss to measure R, and one target: with several take profits each part keeps its own order.
- The trail is at most 50% of the price; a wider one is narrowed to 50% and the ticket says so.
- If the exchange refuses it, a normal take profit is set at the target instead.
- An open position with a stop and a take profit can switch to a trailing take profit from its ⋯ menu (Stop / TP on a phone).
- Settings changes the default and the distance; Options changes the distance for one order.
After a limit or trigger entry it is added once the entry has filled, like the trailing stop, and the order reads "TP trail after fill" until then. Until that point the entry has no take profit order.