How to Set Take Profit and Stop Loss on Ouinex
Protecting your capital and locking in gains are the foundations of successful trading. Ouinex makes it easy to manage your exits with integrated Take Profit (TP) and Stop Loss (SL) tools that calculate your potential outcomes in real-time. Find out how to use these tools in the video below, or read the accompanying instructions.
1. Setting TP and SL Before You Trade
You don’t have to wait for a trade to be active to set your exits. You can define them the moment you prepare your order:
- Automatic Calculation: When you enter your desired TP and SL prices, the platform automatically calculates your expected Profit/Loss (P/L).
- Visibility: This allows you to see exactly what you stand to gain or risk before you even click "Open Position."
- Execution: Once the trade is executed, your TP and SL are instantly active in the market.
2. Managing Active Trades
If you opened a position without a TP/SL, or if you want to adjust your strategy mid-trade, you can edit your levels at any time:
- Edit Function: Look for the small pencil icon next to your active position.
- Update Values: Modify your price targets or stop levels and save the changes to update the order on the exchange.
3. Looking Ahead: Multi-Take Profit & Stop Loss
We are continuously evolving the platform to give you more control.
- Coming Soon: The Multi-Take Profit and Stop Loss feature is designed to allow you to set multiple exit targets for a single position (scaling out at different price points).
- Stay Tuned: This feature is rolling out now—check your trading dashboard to see if this advanced functionality is already live in your region.
Summary
Using Take Profit and Stop Loss ensures that your trading plan is executed even when you aren't watching the charts. By utilizing the built-in P/L calculator, you can trade with a clear understanding of your risk-to-reward ratio for every single position.
Disclaimer
This article does not constitute investment advice, financial advice, or a recommendation to buy, sell, or trade any asset.
Key Risks You Should Understand:
- Virtual assets (cryptocurrencies) can lose their value entirely and are subject to extreme volatility. You may lose your entire investment.
- Government policy changes, including shutdowns, can cause severe and sudden market movements. Past market behavior does not predict future results.
- Trading with leverage (derivatives, perpetuals) can result in losses exceeding your initial deposit. At high leverage, a small price movement can liquidate your entire position.
- Crypto is not insured by government protections. If an exchange fails or is hacked, you may lose all funds.
- Market liquidity can disappear during crises. You may not be able to exit positions at expected prices.
Ouinex's services vary by location and are subject to change. You are responsible for complying with laws in your jurisdiction. Always conduct your own research and consult qualified professionals before making financial decisions. All investments carry risk.