Take profit and stop loss are types of strategic orders that allow traders to preset conditions for triggering trades. When the latest contract price reaches the predefined trigger price, the system automatically executes the preset order to lock in profits, limit losses, or chase trends.
Understanding Take Profit and Stop Loss in Contract Trading
Mastering take profit and stop loss strategies is crucial for survival in volatile markets:
- Stop loss prevents catastrophic losses when market movements go against your position
- Take profit secures gains when your position moves favorably, protecting against sudden reversals
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Where to Set Take Profit/Stop Loss on OKX
OKX supports these order types for both perpetual and delivery contracts across two interfaces:
- The main trading page
- Specific position management page
Mobile App Instructions
1. Setting Orders on Trading Page
During Position Opening
- After configuring trade parameters, tap [Buy/Long] or [Sell/Short]
- In the confirmation popup, select [Take Profit/Stop Loss]
Enter:
- Take profit trigger price
- Stop loss trigger price
- Confirm with [OK]
For Existing Positions (Long position example):
- Tap [Close Position]
- Choose [Take Profit/Stop Loss] → [Two-way Order]
Input:
- Take profit trigger & order prices
- Stop loss trigger & order prices
- Quantity
- Execute with [Sell/Close Long]
Key Notes:
- Trigger Price: Activates the order when reached
- Order Price: Execution price after triggering
2. Position Page Configuration
- Navigate to [Positions]
- Select target position → [Take Profit/Stop Loss]
- Enter trigger prices and quantity
- Confirm with [OK]
Web Platform Instructions
1. Trading Page Setup
New Position Example (Long):
- Select [Take Profit/Stop Loss] → [Two-way]
Configure:
- Take profit triggers/orders
- Stop loss triggers/orders
- Specify quantity
- Click [Buy/Long]
Existing Position Adjustment:
- Choose [Close Position]
- Repeat the two-way order configuration
- Execute with [Buy/Close Short]
2. Position Management
- Access [Positions]
- Select target → [Take Profit/Stop Loss]
- Input parameters
- Finalize with [Confirm]
Critical Considerations
- Orders only execute when trigger prices are reached
- Successful triggers convert to standard limit orders
- System may adjust orders that violate price limits
- No funds are frozen pending trigger activation
- Market volatility may prevent order fulfillment
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FAQ Section
Q: Can I modify a take profit/stop loss order after placement?
A: Yes, these orders can be edited or canceled before triggering.
Q: Why didn't my stop loss order execute during a price crash?
A: Extreme volatility may cause slippage beyond specified prices.
Q: Are there fees for take profit/stop loss orders?
A: Regular trading fees apply only upon successful execution.
Q: Can I set percentage-based triggers instead of fixed prices?
A: Currently only fixed price triggers are supported on OKX.
Q: What happens if my internet disconnects after placing these orders?
A: Server-side orders remain active regardless of your connection status.
Q: How many decimal places are supported for trigger prices?
A: Precision varies by trading pair, typically matching the asset's standard pricing increments.