Take profit and stop loss (TP/SL) orders
Welcome to your comprehensive guide on how to open a trade on PRINT3R. This tutorial will help you understand Stop Losses / Take Profits and guide you through how setting them up.
Last updated
Welcome to your comprehensive guide on how to open a trade on PRINT3R. This tutorial will help you understand Stop Losses / Take Profits and guide you through how setting them up.
Last updated
Using TP/SL orders will allow you to set pre-defined profit and loss levels, ensuring trades are optimized for maximum gain while minimizing risk.
When last traded price of the market reaches one of the target prices, the position will be closed with a Market (Immediate or Cancel) order
TP/SL will be auto-cancelled if the position is closed or liquidated.
TP/SL orders can be added when you first open the position, or to active positions after you open them, you can also set them to impact the whole trade or just a portion of it, giving you complete control and peace of mind when you trade.
There are TWO points at which you can set a SL or TP. We'll show you how to do these here. 1) The first is on an order you have already opened. To find out how to do that check out this handy guide 👇
2) The second way to set a SL or TP is to do it while you are creating your trade. Let's see how👇