Stop Loss and Take Profit are price limiters in a trade, which are necessary for timely position closing with loss or profit fixation.

What is Stop Loss?

Stop Loss is a loss-limiting tool. This type of order is placed below the entry point when buying (BUY) to prevent a more significant loss in case of an undesirable price drop.

Stop Loss for a selling (SELL) position is placed above the entry point, to prevent a larger loss if the price unexpectedly rises.

Stop Loss acts as a protective mechanism, designed to limit a risk. It is adjusted by a trader directly, depending on their individual trading strategy. The minimum Stop Loss level on the platform is 10% of the trade amount.

What is Take Profit?

Take Profit is a profit-locking tool. This type of order is placed above the entry point when buying (BUY) to secure profit as the price rises.

For a selling (SELL) position, Take Profit is placed below the entry point to lock in profit if the price falls.

You can also set Quick Take Profit (QTP), which is useful for saving time when configuring trade parameters. The QTP amount is set automatically when this option is enabled.

How to set Take Profit for a new trade?

Desktop

When setting up a new trade, check the Take Profit box and specify the trigger value.

You can choose between an amount and a price quote as the condition for triggering the Take Profit.
To switch between QTP (Quick Take Profit) and regular Take Profit, use the triangle-shaped switch button next to the “Take Profit” or “QTP” field.

Mobile app

When setting up a new trade, tap one of the buttons on the left side. Set Take Profit and specify the trigger value.

You can choose between an amount and a price quote as the condition for triggering the Take Profit.
To switch between QTP (Quick Take Profit) and regular Take Profit, use tick the box next to the “Take Profit” or “QTP” field.