“TP/SL” Switch

Present on many of the order types. This control is a convenience to quickly place a Take Profit and/or a market Stop whilst executing an entry order. For the Stop exist two modes; absolute price (use +/- 0.5% for quick setting) or relative price expressed as a percentage. For the Take Profit a price has to be set as the Target. At that price a trigger reduce order will be placed; when using Market Order a switch is available to set a limit reduce order at the target price.

The price inputs for Stop and Target can also be filled via clicking on the chart.

This control also shows Account Risk (projected loss) as a percentage to aid risk management.

If you trade on Binance Spot, please read this section on Limit Stops for Binance Spot.