TP/SL orders are designed to close your position once a specified profit (take profit) or loss (stop loss) condition is met.
Trigger Price
TP/SL orders use the mark price to determine when they trigger.
TP/SL orders execute as market orders when triggered.
Chart Dragging (TradingView)
You can drag TP/SL orders directly on the TradingView chart.
If you drag an order to a level where it would immediately execute, the action will take place after confirmation.
Order-Linked TP/SL (OCO / “Parent Order” TP/SL)
This TP/SL type is tied to a specific parent order. Read carefully to avoid surprises.
Size behavior
TP/SL created from the Order form uses a fixed size equal to the parent order size.
When child TP/SL orders are placed
If the parent order is filled, the TP/SL children are placed immediately.
If you cancel an unfilled parent order or a portion of it, the child TP/SL orders are canceled.
Position Table non partial TP/SL
TP/SL created from the positions table row:
Attempts to close the full position size at the time it triggers
Position TP/SL is the most beginner-friendly option because it has the simplest placement and cancellation behavior.