Placing orders correctly is the foundation of effective trading. Below are the available order types, how they differ and when each one is used.
| Order type | What the trader sets | How it executes |
|---|---|---|
| Stop Loss | the price that caps the loss | at the trigger price on Crypto, at market on RWA |
| Take Profit | the price that locks in profit | at the trigger price |
| Limit | the trigger price for entry | at the trigger price, spread included |
| Stop Limit | a stop price and a limit price | at the limit price or better once activated |
| Stop Market | the trigger price | at the trigger price plus spread on Crypto, at market on RWA |
| Trailing Stop | an offset in percent or dollars | at market when price retraces by the offset |
Stop Loss
A price set in advance that caps the loss on an open position. When the market moves against the position and reaches the stop-loss level, the order triggers and closes it. The point is to keep the loss inside the risk you chose beforehand.
How it fills depends on the market: on crypto pairs the position closes at the trigger price you set, while on RWA markets — Forex, commodities, indices and 24/7 stocks — execution is at market, at the first available price after the level is reached, so slippage is possible.
Long example. A BTC position is opened at $30,000 with a stop loss at $28,500. If the price falls to $28,500 or below, the order triggers and the position closes.
Take Profit
An order that closes a position once it reaches a predefined level of profit. The position closes at the trigger price you set, on every market — Crypto and RWA alike.
Short example. A BTC position is opened at $50,000 with a take profit at $45,000. If the price falls to $45,000 or below, the profit is locked in.
Setting a Stop Loss and Take Profit
- When opening a position — the levels are set as you enter the trade, so risk management is in place from the start.
- Later, in the orders section — the levels can be added or changed on an open position as the market situation develops.
Limit
An order to buy or sell at a trigger price set in advance. Unlike a market order, which fills immediately, a limit order waits until the market reaches the level and then executes with certainty — at the trigger price, with the spread applied.
Long. To buy BTC at $45,000, place a buy limit order at that price. It executes when the market reaches the level.
Short. To open a short at $48,000, place a sell limit order. It fills once the level is reached.
Stop Limit
An order with two prices: the stop price activates it and the limit price determines what it may fill at. The pairing gives tighter control over market entry.
Long. Stop at $48,200, limit at $48,000. As soon as the price rises to $48,200 the order activates and fills at the limit price or better.
Short. Stop at $41,800, limit at $42,000. When the price drops to $41,800 the order activates and waits to fill at the limit price.
Stop Market
The order triggers when the trigger price is reached. On crypto pairs the position opens at the trigger price with the spread applied; on RWA markets it opens at the first available market price.
Long. XRP trades at $2.00 and you expect the rise to continue past $2.10. You place a Long Stop Market with a $2.10 trigger. The spread for that size is 0.01%, so the position opens at $2.1002.
Short. The logic mirrors it: the order triggers when the price drops through the level and the position opens at the trigger price with the spread applied.
If the gap between the trigger price and the available market price exceeds the maximum allowed deviation — 3% by default — the order is not filled.
Trailing Stop
A smart stop loss that follows the price at a set offset and tightens as the market moves in your favour. If the price turns against the position, the order triggers and either locks in profit or caps the loss.
It works like this: the trader sets an offset from the current price, say 2%. While the price moves the right way, the stop loss creeps along behind it, keeping that distance. When the price turns, the stop stays where it is, and as soon as the price retraces by the chosen 2%, the position closes.
On crypto pairs a trailing stop, like the other protective stop orders, executes at the trigger price. On RWA markets execution is at market, at the first available price after the level is reached.
In prop trading it is particularly useful against intraday reversals: a market can rally sharply late in the day and give it all back, and a trailing stop preserves the profit already made and helps avoid breaching the daily drawdown limit.
Open the orders section
Add a new order to an open position: orders section → "Create order" → Trailing Stop.
Set the offset
Enter the offset in dollars or percent — this is the distance at which the stop loss will follow the price.
Confirm
Once confirmed, the order is active and tracks price movement automatically.
Market, Limit, Stop Market and Stop Limit orders can be created by asset quantity as well as by collateral — the mechanics are described on the Positions and Leverage page.
Execution around pauses and gaps
After a pause the price can jump, leaving a gap. The order is filled at the first market price to arrive once trading resumes.
If a Stop Market order has a Stop Loss and Take Profit attached from the outset, bear in mind that the opening price after a gap can differ noticeably from the trigger: the resulting PnL on the SL and TP is calculated from the actual opening price. And if the gap between the trigger price and the available market price exceeds the maximum allowed deviation, the order will not be filled at all.