How to Set Take-Profit (TP) and Stop-Loss (SL) on HedgerX
Setting take-profit (TP) and stop-loss (SL) is an essential part of futures trading on HedgerX. These functions help you manage funds efficiently, control risk, and maintain trading discipline.
1. Definition
On HedgerX, TP/SL can be set in two ways:
• Before opening a position
• While holding a position
(1) TP/SL Before Opening a Position
You can pre-set a TP/SL trigger condition (ROE or PNL). When the Last Price, Mark Price, or Index Price reaches the pre-set trigger level, the system automatically closes the position at the best available market price.
You can choose the trigger basis (Last, Mark, or Index Price) and set parameters using USDT, ROE, or PNL.
Note: The trigger price remains fixed once created. Actual ROE/PNL may differ due to fees, slippage, or changes in average entry price.
(2) TP/SL While Holding a Position
You can set a Market Price TP/SL in two modes:
• Entire Position: Applies to the whole position.
• Partial Position: Applies to part of the position.
When the trigger condition (ROE / PNL / USDT) is met, the system closes the corresponding position at market price.
If “Take-Profit Reverse” or “Stop-Loss Reverse” is enabled, the system will automatically open the same quantity of positions in the opposite direction once the TP or SL is triggered.
If the reverse order cannot be fully filled due to volatility, only partial execution may occur.
2. How to Set TP/SL
Step 1: Go to the Futures Trading Page
• Web: Visit the official HedgerX website and open the Futures trading page.
• App: Open the HedgerX App and navigate to the Futures trading interface.
Step 2: Choose TP/SL Setting Method
You can set TP/SL before opening a position or for existing positions.
(a) Before Opening a Position
1. On the order panel, select the TP/SL option (or tap “Advanced” in the App).
2. Set trigger conditions:
• Trigger Price Type: Last / Mark / Index Price
• Trigger Basis: USDT / ROE / PNL
When your open order is filled (fully or partially), the system will automatically create the TP/SL order based on your settings.
(b) For Existing Positions
1. In the “Positions” section, select [Add] or [+TP/SL].
2. Choose:
• Entire Position or Partial Position
• Trigger conditions (USDT / ROE / PNL) and Price Type (Last / Mark / Index).
3. Optionally enable:
• Take-Profit Reverse
• Stop-Loss Reverse
3. Important Notes
• TP/SL orders may fail to place due to high volatility, insufficient closeable positions, or system delays.
• Once triggered, TP/SL orders are executed at market price, which may cause price deviation from the set trigger.
• Adding to a position will change the average entry price, but not the TP/SL trigger price.
• When a position is closed, the corresponding TP/SL order will be automatically canceled.
4. Conclusion
The TP/SL function is a critical risk management tool on HedgerX.
It helps traders:
• Secure profits at target levels,
• Prevent excessive losses,
• Maintain discipline in trading decisions.
However, TP/SL does not guarantee exact execution due to market fluctuations.
Traders should set TP/SL carefully and combine it with broader market analysis and technical indicators.