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How to place Stop Loss and Take Profit orders?

Stop Loss - SL, Take profit - TP

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A] How do I 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 existing position.

Setting Stop Loss and Take Profit (TP) Limits when opening a position

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

  2. Select the CFD instrument you want to open a position on.

  3. Set the trading volume after clicking on the instrument.

  4. Below the volume fields, you'll see fields for setting the Stop Loss (SL) and Take Profit (TP) levels.

  5. After entering the SL and TP values, open the position.

After opening the position, the Stop Loss and Take Profit orders will be automatically assigned to the position.

Setting Stop Loss and Take Profit (TP) Limits for an Open Position

  1. Go to the Portfolio tab.

  2. Select My Trades.

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

  4. On the position details screen, below the chart, fields for setting Stop Loss (SL) and Take Profit (TP) levels will appear.

  5. Enter the appropriate values ​​and confirm your changes.

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

📱Mobile app:

Setting Stop Loss and Take Profit (TP) Limits for an Open Position

If you already have an open stock position, you cannot 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 a SL or TP.

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

  1. Select My Trades.

  2. Click 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 Stop/Limit order type.

  4. Set the order trigger price.

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

  6. Confirm the order.

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

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