Limit orders: How to place take profit and stop loss orders
Take Profit & Stop Loss
Take profit and stop loss orders can also be placed in combination with every limit buy order.
Take profit corresponds in this case to a limit sell order, stop loss to a stop limit sell order. The quantity of the associated orders always corresponds to that of the underlying limit buy order.
As soon as the entered limit buy order is executed in full, take profit and stop loss are automatically placed. If the limit of the take profit order is exceeded first, this order will be executed and the stop-loss order is cancelled. If the stop limit of the stop loss order is reached first, this order will be activated and the take profit order is cancelled. If the take profit or stop loss is executed, the trader will be notifed by email.