How to Set TP/SL in Futures Trading on Bitget

[Estimated Reading Time: 3 mins]

This article explains how to set Take-Profit (TP) and Stop-Loss (SL) orders while trading futures on Bitget, ensuring you can manage risk and lock in profits efficiently.

What are TP and SL in Futures Trading?

Take-Profit (TP) and Stop-Loss (SL) are essential tools in futures trading, designed to help traders manage risk and lock in profits automatically. A Take-Profit (TP) order closes your position when a specified profit target is reached, ensuring you secure gains without constant monitoring. Similarly, a Stop-Loss (SL) order automatically closes your position when the market price reaches a predefined level, minimizing potential losses.

By using TP and SL effectively, traders can remove the emotional element of decision-making, maintain discipline in volatile markets, and adhere to a consistent trading strategy. These tools are particularly valuable in futures trading, where leverage amplifies both profits and risks. Whether you’re a beginner or an experienced trader, integrating TP and SL into your trading plan helps safeguard your funds, optimize returns, and stay in control of your investments.

Types of TP/SL Settings Available on Bitget

Bitget offers flexible Take-Profit (TP) and Stop-Loss (SL) options to suit various trading strategies and preferences. Here’s an overview of the TP/SL settings you can use:

1. ROI (%): Set TP/SL trigger prices based on the estimated Return on Investment (ROI) percentage.

Example:

• Input "10%" to automatically take profit at a 10% gain.

• Input "-5%" to stop loss when your ROI drops by 5%.

2. Change (%): Define TP/SL trigger prices based on the percentage change from the entry price.

Example:

• Input "5%" to trigger a take-profit order when the price increases by 5%.

• Input "-3%" to set a stop-loss when the price decreases by 3%.

3. PnL : Set TP/SL based on the estimated Profit and Loss (PnL) amount in the base currency (e.g.,USDT).

Example :

• Enter "100 " in PnL field to secure profits when your gain reaches 100 USDT.

• Enter "-50 " in PnL field to stop losses when your loss reaches 50 USDT.

How to Set TP/SL on Bitget website?

Step 1: Open the TP/SL Settings

1. Open the Futures Trading section and choose the desired trading pair.

2. In the trading panel, locate the TP/SL section.

3. Select an existing position or input details for a new order.

Example: If you need to modify the TP/SL settings for an existing position.

Step 2: Configure TP/SL

1. In the TP/SL Settings panel, you can configure your parameters using one of the following methods. For quick adjustments, you can directly set the TP/SL price, or use the Advanced Settings to customize your strategy with these options:

• ROI (%): Enter a percentage-based ROI target.

• Change (%): Set a percentage change from your order price.

• PnL (USDT): Define an exact profit or loss amount in USDT.

Step 3: Confirm Your Settings

• After entering the parameters, click Confirm

How to Set TP/SL on Bitget Mobile App?

Step 1: Open the TP/SL Panel

1. Navigate to the Futures Trading section in the mobile app.

2. Select an existing position or place a new order.

3. Tap TP/SL to open the settings interface.

Example: If you need to modify the TP/SL settings for an existing position.

Step 2: Set TP/SL Parameters

In the TP/SL Settings panel, you can configure your parameters using one of the following methods. For quick adjustments, you can directly set the TP/SL price, or use the Advanced Settings to customize your strategy with these options:

1. ROI (%)

2. Change (%)

3. PnL (USDT)

Step 3: Confirm Your Settings

1. After entering the parameters, click Confirm

FAQs

1. Can I modify my TP/SL settings after placing an order?
   Yes. You can edit or remove TP/SL settings for active positions in the Positions section of the mobile app or website.

2. What happens if my position is closed manually?
   If you manually close a position, all associated TP/SL orders will be automatically canceled.

3. Can I set TP/SL for multiple open positions?
   Yes. Each position allows you to set individual TP/SL parameters, ensuring precise control over your trades.

4. Does Bitget charge additional fees for TP/SL orders?
   No. Setting TP/SL is free, but standard trading fees apply when the orders are executed.

5. Can I use TP/SL with both cross margin and isolated margin modes?
   Yes. TP/SL can be configured for positions in both cross margin and isolated margin modes.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.