LeveX Exchange introduced support for partial take-profit (TP) and stop-loss (SL) orders, enhancing traders' ability to manage risk and secure profits incrementally.
Understanding Partial TP/SL
Partial TP/SL allows you to close specific portions of your open position at different price levels. Instead of closing the entire trade at one target or stop price, you can split your position and set multiple TP/SL levels. This helps in:
- Locking in profits gradually
- Managing exposure
- Minimizing risk during unpredictable price movements
Steps to Set Partial TP/SL on LeveX
1. Access Your Open Position
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On Website:
Go to your active trades or positions dashboard, and select the position you want to modify.
- On App: Open the trading interface, tap on your open position, then choose TP/SL settings.
2. Enable Partial TP/SL
- Look for the option to enable partial TP/SL within the settings.
- Choose the percentage or quantity of your position you want to assign to each TP and SL level.
- Set the target price (TP) and the stop price (SL) for each portion.
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On Website:
You’ll find a pop-up under TP/SL configuration to enter the values and split portions
- On App: Toggle on the Partial TP/SL option and fill in the corresponding price and quantity fields.
3. Confirm and Monitor
- Review all the partial TP and SL levels you’ve set.
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Confirm to apply the settings.
- Monitor your position regularly to ensure orders are executing as intended.
If you decide to manually close a portion of your trade or change your strategy, it’s essential to cancel the corresponding TP/SL settings to prevent unintended executions.
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On Website:
Click the “X” icon next to the partial TP/SL setup to cancel.
- On App: Open the trading interface, tap on your open position, then choose TP/SL settings.
We hope this helps! If you need further assistance, feel free to contact our Customer Support at support@levex.com or reach out via live chat.
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