Namaste Tribe!
You can now set, modify, or cancel Take Profit (TP) and Stop Loss (SL) orders directly on WazirX Web to manage your Futures positions without switching to the mobile app.
What Can You Do With TP/SL on WazirX Web?
| Feature | What You Should Know |
|---|---|
| Set TP/SL During Order Placement | Configure both Take Profit and Stop Loss levels on a single screen while placing a Futures order. |
| Add TP/SL to Open Positions | Add TP/SL levels to an existing Futures position. |
| Modify TP/SL | Change your existing Take Profit or Stop Loss levels to adjust your exit strategy. |
| Cancel TP/SL | Remove an existing TP or SL order from your Futures position. |
How to Set TP/SL While Placing a Futures Order?
| No. | What You Need to Do |
|---|---|
| 1 | Log in to the WazirX website and navigate to the Futures section. |
| 2 | Select your preferred Futures trading pair and enter your order details. |
| 3 | Open the TP/SL settings during order placement. |
| 4 | Enter your preferred Take Profit (TP) and Stop Loss (SL) trigger prices. |
| 5 | Review the order details and confirm your trade. |
How to Modify or Cancel TP/SL for Open Positions?
| No. | What You Need to Do |
|---|---|
| 1 | Open the Futures section on WazirX Web and locate your open position. |
| 2 | Access the position's TP/SL settings. |
| 3 | To modify TP/SL, update your trigger prices. To remove a TP or SL, use the available cancel option. |
| 4 | Review and confirm your changes. |
Important: TP/SL orders help manage trading risks but do not guarantee execution at the exact trigger price. These orders use the Mark Price as the trigger and execute at market when triggered. The final execution price may differ during rapid market movements. Always review your TP/SL levels and monitor your open positions.