Stop Orders (TP/SL)
Cafe Trading is dedicated to providing advanced trading tools that enhance your experience on decentralized exchanges (DEXs). One of our exclusive features is the ability to set Stop Orders, including both Take Profit (TP) and Stop Loss (SL) options.
What Are Stop Orders?
Stop Orders are a powerful tool that allow you to automate your trading strategy by setting predefined levels at which your trades will automatically close, either to lock in profits or to minimize losses.
Take Profit (TP): This order automatically sells your asset when the price reaches a specified level above your entry point, securing your profits without requiring you to manually monitor the market.
Stop Loss (SL): This order automatically sells your asset when the price drops to a specified level below your entry point, limiting your losses and protecting your investment.
How Does Cafe Trading Implement Stop Orders?
Traditionally, DEXs offer only market orders, and even platforms that support limit orders rarely provide the advanced functionality of Stop Orders. At Cafe Trading, we've integrated Stop Orders into our system to give you even more control over your trades.
Here's how it works:
Set Your Stop Orders: When placing a trade, you can set both a Take Profit and a Stop Loss level. These orders are linked to your active trades.
Automatic Execution: Our system continuously monitors the market. When the asset's price hits your TP or SL level, the corresponding order is executed automatically.
Trade with Confidence: By using Stop Orders, you can manage your risk effectively and ensure that your trades align with your strategy, even when you're not actively watching the market.
Why Use Stop Orders?
Automated Risk Management: Stop Orders allow you to automate your exit strategy, protecting your gains and limiting potential losses.
Peace of Mind: With TP and SL in place, you can trade confidently, knowing that your positions will be managed according to your predefined strategy.
Strategic Flexibility: Combine Stop Orders with Limit Orders to create a comprehensive trading plan that adapts to market movements.
Start Using Stop Orders on Cafe Trading
Elevate your trading experience with the power of Stop Orders. Whether you're looking to secure profits or safeguard against losses, our platform's TP/SL features give you the tools you need to trade effectively on DEXs.
Last updated