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How to set Stop Loss and Take Profit orders in the mobile app?

Stop Loss, SL, Take profit, TP

Written by Anna Niedobova
Updated yesterday

A] How to place a pending Stop Loss (SL) and Take Profit (TP) order on CFD-based instruments (e.g., Forex, indices, commodities)?

📱Mobile App:

Stop Loss (SL) and Take Profit (TP) orders on CFD instruments can be set both when opening a new position and for an already open position.

Setting SL and TP when opening a position:

  1. Go to the Markets tab in the mobile app.

  2. Select the CFD instrument you want to trade.

  3. After selecting the instrument, set the trade volume.

  4. Below the volume fields, you will see fields to set Stop Loss (SL) and Take Profit (TP) levels.

  5. Enter the desired SL and TP values and open the position.

Once the position is opened, the Stop Loss and Take Profit orders will be automatically attached to that position.

Setting SL and TP for an already open position:

  1. Go to the Portfolio tab.

  2. Select My Transactions.

  3. Tap the plus icon (+) next to the instrument for which you want to set the orders.

  4. In the position details screen, under the chart, fields will appear allowing you to set Stop Loss (SL) and Take Profit (TP) levels.

  5. Enter the desired values and confirm the changes.

B] How to place a pending Stop Loss (SL) and Take Profit (TP) order on OMI instruments (Stocks and ETFs)?

📱Mobile App:

Setting SL and TP for an already open position:

If you already have an open position in stocks, it is not possible to add a classic Stop Loss or Take Profit order directly to that position. However, you can create a separate pending order that will act as SL or TP.

A pending Sell stop order corresponds to a Stop Loss. A pending Sell Limit order corresponds to a Take Profit.

  1. Go to My Transactions.

  2. Tap the plus icon (+) next to the instrument for which you want to set a Take Profit or Stop Loss order.

  3. In the new menu, select the order type: Stop / Limit.

  4. Set the activation price of the order.

  5. Specify the volume, i.e., the number of shares the pending TP/SL order applies to.

  6. Confirm the order placement.

🚩Pending orders cannot exceed the volume you hold for a given instrument. For example, if you have 10 shares of a particular instrument, you can only set pending orders for those 10 shares, e.g., SL for 5 shares and TP for 5 shares. If you set SL for all 10 shares, the system will not allow you to place a TP order because you have already reached the limit.

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