Take Profit / Stop Loss

HashHedge employs "Take Profit" and "Stop Loss" features to automatically close user positions. These tools are explained below:

Take Profit (TP): This feature enables you to set a specific price at which your position will automatically close, locking in your profits. When the market reaches this target price, the trade is closed, and your gains are secured. This is especially helpful for ensuring profits without needing to constantly watch the market.

Stop Loss (SL): This feature helps you minimize potential losses by setting a price at which your position will automatically close. If the market moves unfavorably and hits the stop loss price, the trade will close, reducing your losses. This is essential for managing risk and safeguarding your capital.

Adjusting Stop Loss & Take Profit To configure these features, go to the "Trade" screen when opening a position. Activate the TP/SL button. You’ll usually find fields to input prices for both "Take Profit" and "Stop Loss" either when setting up the trade or adjusting an existing position. These settings are vital for effective risk management in trading strategies.

You can also set Stop Loss and Take Profit for an already open position. To do this, in the Positions tab, open the TP/SL section and set the values you need. If you don't see this section, use Shift and the mouse wheel to move the line.

It is important to understand how the Limit Stop Loss works. To set it up, you need to enter two values:

• Trigger Price – the price at which a sell order will be placed at the level specified in the Order Price field.

We recommend setting these values with a small difference between them, as once the trigger price is touched, the system will place an order to close the position.

The difference between Trigger Price and Order Price:

• Leave a small gap between them (e.g., Trigger Price = 9900, Order Price = 9890).

• If they are set to the same value, the order may not execute if the price sharply moves through the level without retracing.

Important:

• Once the Trigger Price is hit, the system places a limit order. If the price does not return to the Order Price level, the order will not be executed, and the position will remain open.

• To ensure your Stop Loss order is triggered correctly, do not place limit orders to close the position manually. The system will not be able to use the contracts that are already reserved for your limit order. Therefore, if you place a limit order to close 100% of your position, the Stop Loss will still be triggered, but the trade will not be executed because the required contracts are already locked.

These same recommendations also apply when working with Take Profit orders.

When setting a Trigger order based on Last Price, you must monitor the Last Price chart.

Conversely, when setting a Trigger order based on Mark Price, you must monitor the Mark Price chart.

Why this is important: Using the incorrect chart for your chosen trigger type may result in orders not executing as expected, as the two prices can diverge.