setting-tp-sl.md

description
How to set and change a Take Profit and/or Stop Loss. Trades are automatically closed when the asset prices reaches these specified values

Setting TP/SL

There are various methods in setting and changing Take Profits and Stop Losses.

Using the "Add TP/SL" button

When the bot replies to an open trade submission, a blue button titled Add TP/SL is attached with it's response. Clicking this will prompt a user friendly popup where values can be specified for Take Profit and/or Stop Loss. Set the value for one or both.

Set TP/SL popup upon clicking the "Add TP/SL" button

The bot will not allow a value below the current market price to be set for a Take Profit, and a value above the current market price to be set for a Stop Loss- and vice versa for short positions.

Changing or removing TP/SL using "Add TP/SL" button

This button can also be used to change or remove existing TPs and SLs. To change, simply specify a new value. To remove one or both, set the value to 0 (zero) or leave the fields blank.

{% hint style="info" %} Did you know?
Using the $list or /list command will display all open trades where each one has a button to add or change TP/SL. {% endhint %}

After successfully setting or changing a TP/SL, the bot sends a ephemeral message to confirm the values specified. The bot will also edit it's response embed to the submitted trade to display the TP/SL values.

Successfully setting or changing TP/SL

Setting TP/SL with trade submission

Take Profit and/or Stop Loss values can be specified anywhere within the trade notes when submitting a trade. When using the keyword letters TP and/or SL, any numbers following after them will be the values used. It's sophisticated in a way where symbols or words can be used between TP/SL and the number values.

Specify the price after the keyword letters TP & SL | To cancel or remove a TP/SL, set it to 0 (zero).
Examples;
TP 1.34 SL 1.23
TP @ 1.34 and SL @ 1.23
TP is 1.34 & SL is 1.23
(Any symbol or word can be used where @ and is are.)

Example of setting TP/SL values with trade submission notes

Changing TP/SL using List command

{% hint style="info" %} The $list or /list command displays all open trades ordered by most recent. Specifying a ticker with the command will show only open trades for that ticker symbol. {% endhint %}

A TP/SL can be added, changed, or removed at any time by using the $list or /list command. It displays all your open trades 4 at a time. Each trade has a TP/SL button that can be used to specify new or remove values.

List command display example

When TP/SL is Hit

Trades are intended to auto close when the asset's price reaches or exceeds the specified TP/SL values. When this occurs, the bot will send a message notification in the originating server channel the trade was opened in, as well send a DM notification (if enabled) to the trader or user.

Notification sent to channel the trade originates in

DM notification for TP/SL being triggered

{% hint style="danger" %} Note: Auto closing at TP/SL when hit is not always 100% successful with volatility. If you have them set and a trade didn't close when it should, please use the $fixtrade command or reach out to support. {% endhint %}

Editor notes: Add .gif of setting TP/SL and bot editing the embed.