Setting Take-Profit and Stop-Loss Orders for Crypto Perpetuals
Summary
This guide explains how to attach take-profit and stop-loss conditions to an OKX X-Perps order before opening a position. Traders can enter percentage moves or specific price levels, select a long or short position, and review the displayed liquidation price before confirming. The guide also recommends allowing stops room relative to typical daily price ranges, considering funding costs, and adjusting attached orders after partially closing a position.
It compares mark-price triggers, which are less sensitive to brief wicks, with last-price triggers, which react to executed trades but may be more prone to temporary dislocations. A market close prioritizes exiting but can incur slippage; a limit close provides price control but might not fill. These are practical platform instructions, not a tested trading strategy. The examples do not establish optimal exit levels, and attached stops cannot guarantee a particular execution price or prevent liquidation in fast markets.
Key ideas
- Attach take-profit and stop-loss conditions in the order form before opening the position.
- Percentage inputs scale from the entry price, while price inputs specify an explicit trigger level.
- Mark-price triggers may avoid some brief wicks, while last-price triggers can respond faster to trades.
- Market closing orders prioritize execution but can incur slippage; limit orders may remain unfilled.
- Stops need to account for price noise, leverage, funding costs, and position-size changes after partial closes.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.