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Take Profit & Stop Loss
On MUFEX, you have the ability to set both take profit and stop loss orders simultaneously, allowing you to effectively manage risk. With that, you can pre-set your TP/SL orders while placing a Limit order, Market order or Conditional order directly from the order zone. Additionally, you can also modify the TP/SL price before the order is filled.
- Take Profit orders are filled when prices reach a predetermined level. This feature enables traders to lock in profits and exit the trade.
- Stop Loss orders, on the other hand, are filled when prices reach a predetermined level, protecting traders from excessive losses by automatically exiting the trade.
There are two (2) options for applying for your TP/SL orders:
- 1.Entire Position - The TP/SL applies to the entire position. This setting will allow you to place a single TP/SL order per position. When the TP (or SL) Trigger Price is reached, the Entire Position will always be closed via a Market order.
- 2.Partial Position - The TP/SL applies to the current order quantity. This setting will allow you to place multiple TP/SL orders per position. When the TP (or SL) Trigger Price of individual TP/SL orders are reached, their respective TP/SL order quantities will be closed via either Market or Limit orders, and the corresponding SL (or TP) order will be canceled.
Pre-set take profit and stop loss orders in the order panel:
You can directly set take profit and stop loss orders when submitting limit orders, market orders, or conditional orders in the order panel.
Pre-set take profit and stop loss orders in the position panel:
Click the "+ Add" button in the position panel to set take profit and stop loss orders.