For investors, stop loss is the investment equity at which they wish to close their investment to prevent further losses, while take profit is the investment equity at which they wish to close their investment to realize a profit.
To set up these limits:
- Log in to the Copy Trading app.
- Open any active investment and head to the Auto Stop Copying section.
- Set the stop loss or take profit limits in either USD or %. Hit Add.
- Hit Confirm on the next screen to confirm once again.
When your investment equity changes beyond the set level, your investment will be closed automatically.
To edit the limits:
- With any active investment, head to Auto Stop Copying.
- Tap on the limit you wish to edit.
- Enter new parameters and tap Save.
To delete limits:
- With any active investment, head to Auto Stop Copying.
- Hit the X icon for any limits set up.
- Hit Delete to confirm.
How it works
SL and TP can be set up on new and existing active investments. Once set up, your investment equity is monitored and recalculated with every obtained price tick. If the investment equity reaches (TP) or falls below (SL) the limits, the trigger is activated and your investment orders are closed. You will then be notified by a push notification 'Investment Equity reached'. Tapping on the notification will redirect you to the mentioned investment.
Examples
Setting up SL/TP in USD:
Your investment equity is at 1000 USD.
TP: If you wish to close your investment when the equity increases to 1500 USD, take profit should be set at 1500 USD. The investment equity is then calculated accordingly and will trigger the mechanism to close your investment once the 1500 USD is reached.
SL: If you want to close the investment when the equity decreases to 600 USD, set up stop loss at 600 USD. Again, investment equity is calculated accordingly and will trigger the mechanism to close your investment once your equity falls to this level.
Setting up SL/TP in %
Your investment equity is at 1000 USD.
TP: If you want to close the investment when equity increases 10%, enter 10% as take profit. The target equity is then calculated to this change and shown to you for confirmation. In this case, it will be 1000 USD + (10% x 1000 USD) = 1100 USD. When your equity reaches 1100 USD, your investment will be closed.
SL: If you want to close the investment when equity decreases 10%, enter 10% as stop loss. The confirmed calculation shown will be 1000 USD - (10% x 1000 USD) = 900 USD. When your investment equity reaches 900 USD your investment will be closed.
Note: When setting SL/TP in %, it is calculated from the investment equity at that moment of set up.