I. What is Guaranteed TP?
Guaranteed TP ensures that your take profit order will be filled at a price equal to or better than the trigger price, providing peace of mind that your profit won't be impacted by slippage.
Unlike Guaranteed SL, the Guaranteed TP feature is provided to users at no cost.
II. What are the advantages of Guaranteed TP?
1. Comparing With Traditional TP Limit Order:
Traditional TP limit orders require users to manually set both the order price and trigger price. In contrast, Guaranteed TP streamlines the process by allowing users to input only the trigger price. The system will automatically calculate the order price, making it effortless for users to set their desired TP and SL for their positions.
2. Comparing With TP Market Order:
TP market orders can sometimes fail to execute at your desired price due to sudden market fluctuations, resulting in negative slippage. Guaranteed TP ensures that there'll be no negative slippage when the order is triggered.
Please note:
Guaranteed TP essentially works like a TP limit order, but the process is simplified. It ensures the filled price matches the preset price but it doesn't guarantee a 100% order fill when the market price reaches the trigger price.
III. How to activate the Guaranteed TP?
You can set up the Guaranteed TP before or after opening a position. Simply visit the TP/SL section, check the "Take Profit" option and activate "Guaranteed TP".
BingX Operation Team
2023-09-04