HashHedge User Guide
  • 📘INTRODUCTION
    • 💻How to register a Hash Hedge account
    • 🔑Login to Hash Hedge Account
    • 📊How to Enroll a Challenge?
    • 🌀Challenge Type
  • 📈TRADING MODULE
    • Margin Mode
    • Adjusting Leverage
  • HashHedge Orders
  • Take Profit / Stop Loss
  • Market Orders vs. Limit Orders: What's The Difference?
  • Close Order
  • Group 1
    • ❓FAQ
  • 👨‍👨‍👦Affiliate program
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Take Profit / Stop Loss

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Last updated 20 days ago

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.