# Take Profit/Stop Loss

## TP/SL Overview

* **Take Profit (TP):** Automatically closes your position when the asset hits your target price, locking in profit without requiring you to monitor the trade.
* **Stop Loss (SL):** Automatically closes your position if the price moves against you past a set level, capping your downside.

> ⚠️ During rapid price movements, a liquidation may execute before a Stop Loss triggers. SL orders reduce risk but do not guarantee protection against liquidations.

## Setting Up TP/SL Orders

After opening a position, set your TP/SL prices:

1. Go to the **Active Positions** section.
2. Click the **TP** or **SL** button next to your position.
3. Set your price using one of two methods:
   * **Trigger Price:** Enter the exact price at which you want the order to execute.
   * **Estimated ROI:** Enter your target ROI and the system calculates the corresponding trigger price.
4. Confirm with a **gasless signature**.

## **Execution**

When the asset's price reaches your TP or SL trigger, the order executes onchain automatically. Your position closes at the best available market price. A one-time execution fee covers the gas cost of the onchain transaction.

## **Managing Active Orders**

Track and modify your TP/SL orders from the **Open Positions** section. Active TP/SL orders are indicated by lit-up buttons next to each position. You can update or cancel any order before it triggers.

TP/SL orders are tied to the trigger price you set. Because borrow fees accrue over time, your estimated ROI for a given TP or SL level may gradually decrease.


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