Stop Loss (SL) and Take Profit (TP) orders are essential risk management tools that help traders control potential losses and secure profits automatically.
TradingView allows you to add, modify, and manage Stop Loss and Take Profit levels both when entering a trade and after a position is already open.
What Are Stop Loss and Take Profit Orders?
Stop Loss (SL)
A Stop Loss automatically closes a trade if the market moves against your position and reaches a specified price level.
Its purpose is to limit risk and protect your account from larger losses.
Take Profit (TP)
A Take Profit automatically closes a trade once your profit target has been reached.
Its purpose is to lock in profits without requiring manual intervention.
Setting Stop Loss and Take Profit When Entering a Trade
You can define your risk and profit targets before submitting a new order.
Step 1: Open Your Chart
Open TradingView and navigate to the market you wish to trade.
Step 2: Create a New Order
Click Buy or Sell to open the order entry panel.
Step 3: Configure Your Risk Management
Locate the following fields:
Stop Loss Order
Take Profit Order
Enter your desired Stop Loss and Take Profit price levels.
Step 4: Submit the Trade
Review the order details and click Confirm.
Your trade will be opened with both Stop Loss and Take Profit levels attached automatically.
Adding Stop Loss and Take Profit to an Existing Position
If you opened a trade without predefined risk management levels, you can add them later.
Step 1: Open the Trading Panel
Navigate to the Trading Panel at the bottom of the chart.
Step 2: Open Positions
Select the Orders / Positions section.
Step 3: Select the Position
Locate the active trade you wish to modify.
Step 4: Edit the Position
Open the position settings and enter:
Stop Loss price
Take Profit price
Step 5: Save Changes
Click Save or Confirm to apply the updated levels.
The new Stop Loss and Take Profit orders will now be linked to the position.
Adjusting Stop Loss and Take Profit Directly on the Chart
TradingView also allows you to modify risk levels visually from the chart.
Step 1: Locate Your Position
Find your active trade displayed on the chart.
Step 2: Select the Order Line
Hover over the Stop Loss or Take Profit line.
Step 3: Drag to a New Price Level
Click and hold the order line.
Move it to the desired price level.
Step 4: Release to Update
Release the mouse button to apply the change.
The updated Stop Loss or Take Profit level will be sent automatically.
Monitoring Your Stop Loss and Take Profit Orders
You can review your active orders at any time through:
Trading Panel
Orders Section
Positions Section
Directly on the Chart
Always verify your active levels after making any adjustments.
Best Practices
Before placing any trade:
✓ Always define your maximum acceptable risk.
✓ Use a Stop Loss on every position.
✓ Set realistic profit targets.
✓ Review your risk-to-reward ratio before entering the market.
✓ Confirm all order details before submitting changes.
Need Assistance?
If you experience issues adding or modifying Stop Loss and Take Profit orders in TradingView, please contact the AquaFutures Support Team for assistance.