Take-profit: when the price reaches the profit target you set, the position is closed automatically to lock in the profit.
Stop-loss: when the price moves against you and reaches the price you set, the position is closed automatically to limit the loss.
How to set them
- When opening: tick "TP/SL" on the order panel and enter the trigger prices.
- For an open position: add or change take-profit and stop-loss at any time in the "Positions" list.
- You can also partially close a position by percentage to lock in profit in stages.
Triggered by the mark price
On Akunosai, take-profit and stop-loss are triggered by the mark price. The mark price is calculated with reference to spot prices from several sources, so a wick in the last traded price alone will not trigger a stop-loss (see what a wick is and why liquidation uses the mark price). You can compare every stop-loss fill with the market price in the same second on the Fair Execution page; if a stop-loss was triggered while the mark price had not reached the trigger price, the loss is fully compensated after verification.
How to work out your stop-loss price
- First decide the most you are willing to lose on this trade, for example 20% of your margin.
- Turn that into a price distance: at 10x leverage, a 2% move against you loses about 20% of your margin. So for a long, the stop-loss price is about entry price × (1 − 2%); for a short, it is about entry price × (1 + 2%).
- Your stop-loss price must come before the liquidation price; otherwise the price may hit liquidation first.
- Don't forget fees in your calculation: they are charged once when you open and once when you close.
How to set your take-profit price
You can base your take-profit on clear price levels such as a previous high or low, or set it by risk-reward ratio: for example, if you are willing to risk 1 unit of loss, aim for at least 2 units of profit.
Open a position on the futures demo account first and practice setting and changing take-profit and stop-loss once before using them in real trading. For choosing leverage, see what leverage is in futures trading; you can also practice risk management in a demo trading contest.