1. What is Fixed Quantity Take-Profit and Stop-Loss?
Fixed Quantity Take Profit / Stop Loss (TP/SL) is a strategy order that allows users to pre-set a trigger price (take profit or stop loss), order type (Market or Limit), order price, and closing quantity in advance. When the market price reaches the preset trigger condition, the system will place a closing order according to the predefined settings to realize take profit or stop loss.
Note: In cases of extreme market volatility or insufficient liquidity, the order may not be fully executed.
2. TP/SL Order Methods
Currently, there are two ways to set TP/SL orders:
- Setting TP/SL when opening a position
- Setting TP/SL while holding a position
(1) Setting TP/SL When Opening a Position
You can preset take profit and stop loss for a limit entry order that has not yet been filled.
After entering a limit order, click “TP/SL” to set the trigger price and order conditions.
Once the entry order is partially or fully filled, the corresponding TP/SL order will be converted into a pending order.
Example
When placing a 1 BTC long limit order at 67,000 USDT, you may simultaneously set:
- Take Profit at 75,000 USDT
- Stop Loss at 65,000 USDT
Notes
- You may set only take profit, only stop loss, or both simultaneously.
- When opening a long position, the take profit price must be higher than the entry price, and the stop loss price must be lower than the entry price.
- When opening a short position, the take profit price must be lower than the entry price, and the stop loss price must be higher than the entry price.
Before the entry order is filled, the TP/SL order remains inactive and can be modified or canceled.
(2) Setting TP/SL While Holding a Position
You can directly set take profit and/or stop loss for an existing position.
On the position panel, click the “TP/SL” button.
Set the following parameters:
- Trigger price
- Order type (Market or Limit)
- Order price (if Limit is selected)
- Closing quantity (Entire or Partial position)
Notes
- For a long position, the take profit price must be higher than the current market price, and the stop loss price must be lower than the current market price.
- For a short position, the take profit price must be lower than the current market price, and the stop loss price must be higher than the current market price.
After confirmation, you can view the TP/SL order under “Current Orders – TP/SL”.
3. Market / Limit Order Types
TP/SL orders can be set as either Market or Limit orders.
- Market: When the trigger condition is met, the system attempts to close the position immediately at the market price.
- Limit: When the trigger condition is met, a limit order is placed at the user-defined price.
Market orders aim for faster execution, but the actual execution price may significantly differ due to market volatility (slippage may occur).
Limit orders are placed at the specified price but are not guaranteed to be filled.
4. Entire Position / Partial Position
Users may apply TP/SL to the entire position or to a specified partial quantity.
- Entire Position: The full position size will be closed.
- Partial Position: Only the specified quantity will be closed, and the remaining position will stay open.
This allows users to implement partial take profit or stop loss strategies.
ROE (%) displayed in the TP/SL panel is a reference value calculated based on the trigger price. The actual realized return may differ depending on the execution price.
Important Notes
- TP/SL orders are only applicable to closing orders.
- Once the entry limit order is partially or fully filled, the corresponding TP/SL order will enter a pending state. The default quantity of the TP/SL order equals the quantity of the entry limit order and can be viewed under “Current Orders – TP/SL”.
- Before being triggered, TP/SL orders do not freeze the available position quantity. The position quantity will only be deducted once the trigger condition is met and the closing order is submitted. If the available position quantity is less than the preset quantity at the time of triggering, the system will place the order based on the actual available quantity.
- If the position size becomes zero, any related TP/SL orders will be automatically canceled.
- TP/SL orders may fail to trigger due to extreme market volatility, price limits, position restrictions, insufficient margin, insufficient available quantity, contract suspension, or system issues.
- Once triggered, the submitted closing limit order follows the same matching rules as a standard limit order. If a sell order price is lower than the current market price, it will be executed at the best available market price. If a buy order price is higher than the current market price, it will be executed at the best available market price. Execution is not guaranteed. Unfilled limit orders will be displayed under “Current Orders – Limit Orders”.
Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultancy, or any other related services, nor is it advice to purchase, sell, or hold any assets. The Coinstore Learn provides information for reference purposes only and does not constitute any investment advice. Please ensure a thorough understanding of the risks involved and invest cautiously. All user investment activities are unrelated to this platform.