Documentation

Everything you need to know

MEXC Manager

Stop Loss & Take Profit Orders

Protect your positions and lock in profits with SL/TP orders.

What are SL/TP Orders?

Stop Loss (SL) and Take Profit (TP) are conditional orders that automatically close your position when the price reaches a specified level:

  • Stop Loss - Closes position at a loss to prevent further damage
  • Take Profit - Closes position at a profit to secure gains
Risk Management

Always use stop losses! They're your primary defense against unexpected market moves and account liquidation.

Setting SL/TP on Entry

You can set SL/TP when placing a new order:

  1. 1. Fill in your order details (side, volume, leverage)
  2. 2. Expand the SL/TP section in the trade form
  3. 3. Enter your Stop Loss price
  4. 4. Enter your Take Profit price
  5. 5. Submit the order

The SL/TP orders will be created automatically when your position opens.

Modifying SL/TP on Existing Positions

To add or change SL/TP on an open position:

Via Positions Table

  1. 1. Find your position in the positions table
  2. 2. Click the SL/TP button
  3. 3. Enter new SL and/or TP prices
  4. 4. Click Save

Via Chart (Drag & Drop)

  1. 1. Locate the SL or TP line on the chart
  2. 2. Click and drag the line to a new price level
  3. 3. Release to confirm the new level
  4. 4. The order is updated automatically

Common SL/TP Strategies

Fixed Percentage

Set SL/TP as a fixed percentage from entry:

  • Example: 2% SL, 4% TP (2:1 risk-reward)
  • Consistent risk management across all trades
  • Easy to calculate and implement

Technical Levels

Place SL/TP at key technical levels:

  • SL below/above recent swing points
  • TP at resistance/support levels
  • Consider market structure and trend

Volatility-Based (ATR)

Use Average True Range to set dynamic levels:

  • SL = Entry ± (1.5 × ATR)
  • TP = Entry ± (3 × ATR)
  • Adapts to current market volatility

Trailing Stop (Manual)

While MEXC Manager doesn't have automatic trailing stops, you can manually trail:

  1. 1. As price moves in your favor, modify the SL closer to entry
  2. 2. Move SL to breakeven once position is profitable
  3. 3. Continue moving SL up as price advances
  4. 4. Use chart drag-and-drop for quick adjustments
Breakeven Stop

Once your position reaches 1R profit (equal to your initial risk), consider moving your stop loss to breakeven to eliminate risk.

SL/TP in Copy Trading

When copy trading with SL/TP enabled:

  • Master's SL/TP orders are copied to followers
  • Prices are adjusted proportionally
  • Modifications are synchronized automatically
  • See SL/TP Copying for details

Best Practices

  • Always use SL - Never trade without a stop loss
  • Size positions based on SL - Risk a fixed % of account per trade
  • Don't move SL against you - Moving SL further away increases risk
  • Reasonable TP targets - Set achievable profit targets
  • Consider partial TP - Close half at TP1, rest at TP2

Next Steps