Take Profit and Stop Loss (TP/SL)

Take-profit and stop-loss orders reduce or close an existing perpetual position. They cannot open a new position or increase an existing one.

Triggers activate from the index price, not the mark price or last trade:

Position	Stop loss	Take profit
Long	Index at or below trigger	Index at or above trigger
Short	Index at or above trigger	Index at or below trigger

The trigger price must not already be satisfied when the trigger is added.

Execution

When activated, the order attempts to reduce the position immediately. A limit price and order size may be specified. If no size is supplied, it attempts to close the full position.

Activation does not guarantee a fill. Available liquidity, the optional limit price, and market state still apply.

Take-profit and stop-loss orders may be added, edited, or removed. A position may have at most 16. They are canceled when the position closes or changes direction.