Stop Loss and Take Profit are types of additional protective orders for automatically closing a transaction, which are executed according to the principle: “Close the entire position at market price if the transaction is made at the price you specify.”
Feature
It is an investor’s safety rope so that the assets do not fall into the abyss of large losses, or the opportunity to have time to take profits during market fluctuations.
Stop Loss is an additional order that allows you to limit losses if your idea does not work and the price goes in the opposite direction. In the Stop Loss window, you can specify the price at which an order to close the entire position is activated, or the percentage of reduction from the current price, and the system will automatically calculate it.
Take Profit is an additional order that gives you the opportunity to take profit if the price moves in the expected direction and reaches a certain level. Once it is set, you don’t have to worry - the profit will be fixed on its own.
Trailing Stop Loss is a type of stop-loss order in trading transactions on financial markets. It automatically regulates the stop price level when the price of the underlying asset changes.