Take Profit / Stop Loss

Adding a Take Profit or a Stop Loss order in your position can ensure that you won't be overexposed to sudden price action and fluctuations of the market. Take Profit allows you to set the price that when reached, your position will automatically close and collect the profit you have accumulated.

Clicking one of the percentage buttons will instantly calculate the price for the corresponding PnL percentage. In this example, to automatically close the position with 50% percent profit (or $4,761.77) BTC must reach the price of $30,544.00.

On the contrary, Stop Loss indicates the price where the position automatically closes in order to cut losses on your current profits or to stop your loses from accumulating any further.

In a similar manner, the percentage buttons allow you to select the % of loss where your position will close automatically. In this case 25% loss of the initial collateral equals to $2,386.94, while these losses will have been accumulated when BTC reaches the price of $30,090.50.

If you wish to alter your current Take Profit and/or Stop Loss orders, you must first cancel the previous one.