Take Profit / Stop Loss
Automated exit orders on RISEx
Overview
Take Profit (TP) and Stop Loss (SL) orders let you automate position exits at predefined price levels. Set your risk and reward targets when entering a position, then let the system manage exits.
Take Profit (TP)
Automatically close your position when price reaches your profit target.
For Long Positions
- Triggers when mark price rises above your TP price
- Closes position by selling at market
For Short Positions
- Triggers when mark price falls below your TP price
- Closes position by buying at market
Stop Loss (SL)
Automatically close your position to limit losses when price moves against you.
For Long Positions
- Triggers when mark price falls below your SL price
- Closes position by selling at market
For Short Positions
- Triggers when mark price rises above your SL price
- Closes position by buying at market
Setting TP/SL
You can set TP/SL orders:
- When opening a position: Set TP/SL as part of your entry order
- On existing positions: Add TP/SL to positions you already hold
- Modify anytime: Update TP/SL levels while the position is open
Execution
TP/SL orders execute as market orders when triggered. This ensures execution but may result in slippage during volatile conditions.
Partial TP/SL
You can set TP/SL for a portion of your position:
- Take partial profits at multiple levels
- Scale out of positions gradually
- Keep exposure while locking in gains
Important Considerations
Trigger Price
TP/SL orders trigger based on the mark price, not the last traded price. This prevents manipulation via single trades.
Cancellation
TP/SL orders are automatically cancelled when:
- The associated position is fully closed
- You manually cancel them
- The position is liquidated