On SnapEx, users have two options to set a defined price or value to close a trade: Stop Loss (SL) and Take Profit (TP).
Users can do this by:
- Manually changing the numerical prices shown on the trading screen’s price boxes
- Entering a specific SL/TP in the form of percentages under the "Take profit ratio" and "Stop-loss ratio" boxes inside the "New order" drawer
Note: The default SL/TP values in all new orders will be executed unless a user changes the values manually.
All manual inputs will override the default preset values. Once a user has keyed in a desired price or value, the SL/TP is activated for that specific order. Users will need to either refresh the page or to reactivate the preset values in order to override the manual inputs.
How can I check if either one of the manual input methods are activated?
When the default preset is not manually changed, the prices on the SL/TP boxes will change following the current price movement. However, when manual inputs are followed, the price in the SL/TP box will stay the same, disregarding any of the default presets.
Why are there marginal differences between the default presets and the SL/TP percentages shown on my newly executed orders?
All SL/TP preset percentages are indicative of the actual market SL/TP prices.
When an order is executed using the SL/TP percentage presets, SnapEx will derive prices based on them to match the original input formats on the K-Line weighted average.
Users might occasionally experience minor price fluctuations when volatility is high. However, SnapEx is constantly improving the system to increase efficiency and minimize slippages.
How can I change the SL/TP value after I execute an order?
Users can easily change the SL/TP prices by clicking the "Settings" button (shown with a Pencil icon) in the "Position" tab.
Users are given the choice of setting the SL/TP according to market K-Line in the form of numerical prices or percentages or based on the order margin entirely