What Is a Stop-Loss Order?
On Mr.Perps, a Stop-Loss Order combines both stop-loss and take-profit functions.
The system determines whether the order is a stop-loss or a take-profit order based on the trigger price you set relative to the latest market price or the mark price at the time the order is placed.
How to Place a Take-Profit / Stop-Loss Order
Click the input box next to “Take Profit / Stop Loss.” Enter a trigger price based on the latest market price, then select “Open Long” or “Open Short.”
- You can also set it while your order is active. In the corresponding contract row, click “Take Profit / Stop Loss” on the right side, and adjust the trigger price according to current market conditions.