What's Take Profit and Stop Loss (TP/SL)？
Take Profit and Stop Loss (TP/SL, also referred to as TPSL) is a type of conditional order in futures trading. You preset a trigger price and an order price. When the selected trigger price (Last Price / Mark Price / Index Price) reaches the predefined trigger level, the system will automatically place your preset order into the market.
Checklist
- Enter positions based on breakout strategies
- How do I set Take Profit and Stop Loss (TP/SL)?
- On the app
- Set take profit and stop loss when opening a position
- Go to the Futures trading page > Enter your trade Amount > Check TP/SL
- Enter the TP price and SL price. Or, you can also select Advanced to set TP/SL or Trailing stop, then select Confirm.
- Select Open long or Open short
- Set take profit and stop loss on your position
- Go to the Futures trading page > Select Open positions
- Select the specific position > Tap TP/SL
- Set TP/SL or Trailing TP/SL > Select Confirm to complete the setup
- On the web
Notes
TP/SL can be used to:
Close a position to lock in profits (Take Profit)
Close a position to limit potential losses (Stop Loss)
TP/SL is an important risk management tool in futures trading:
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
