Take profit and stop loss
Triggers attached to a position that close it when the mark price reaches a level you set.
A take profit or stop loss is a trigger attached to a position, not a separate order waiting on the book.
Setting one
- Attach a take profit, a stop loss, or both when you place an order.
- Or set them on an open position at any time, and remove them the same way.
Each trigger has a trigger price, and can also carry a limit price and a size.
When it fires
Triggers watch the mark price, not the last trade, so a single trade on Titan's book has little effect on them. See Price indices.
What gets recorded
Setting, cancelling and firing a trigger are each committed as an event leaf in your history.