Take Profit and Stop Loss let you automate exits from a position based on price levels.
On Limit v2, these are set using the same trigger system as regular Limit orders.
Take Profit
A Take Profit order is a sell order that triggers above the current market price.
- You sell above the current market price
- The order triggers when the price reaches your target
Stop Loss
A Stop Loss order is a sell order that triggers below the current market price.
- You sell below the current market price
- The order triggers when the price falls to your stop level
How Take Profit and Stop Loss Work
When you set a Take Profit or Stop Loss on a Limit v2 order, the exit condition is attached to the entry order.
If the entry order triggers and executes:
- The tokens you buy are automatically used to create the exit order
- These tokens remain in the vault instead of being sent to your wallet
- The exit order stays active until it triggers, is cancelled, or expires
Because of this, you may not see the bought tokens in your wallet immediately after the entry executes.
If you cancel the order while the exit condition is still active, the locked tokens are returned to your wallet.
Using Take Profit and Stop Loss together
With Limit v2, you can set both a Take Profit and a Stop Loss on the same entry order.
When both are set:
- Your entry order (Buy Above or Buy Below) must trigger first
- Once the entry executes, both the Take Profit and Stop Loss orders become active
- Only one of these exit orders will be executed
- Whichever condition triggers first will execute, and the other is cancelled automatically
Once your entry order is filled, the TP & SL orders become active - if either of the orders are executed, the other is automatically cancelled (OTOCO - One Triggers the Other, One Cancels the Other).