Take Profit Order is a function to close the position when the market price reaches a particular trigger price.
There are 3 ways you can set Take Profit Orders on MCS.
1. When submitting a market or limit order (Only applies to traders without a position)
- One-click setup on the order confirmation window
- Partial closure of position is not allowed
- Will be executed as a market order once the market price on MCS touches the trigger price
2. On the Position List
- One-click setup on the position list
- Partial closure of position is not allowed
- Will be executed as a market order once the market price on MCS touches the trigger price
3. As Conditional Market and Limit Order
- Place an opposite order and set a stop-loss price
- Partial closure of position is allowed
- Will be executed as a market order once the market price on MCS touches the trigger price
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