Stop Loss (SL) and Take Profit (TP) are order instructions that can request a position to close after a trigger level is reached. They can support a trading plan, but they do not guarantee acceptance, triggering, execution, an exact closing price, a maximum loss, or a particular profit.
Stop Loss Order (SL)
A Stop Loss seeks to limit loss by requesting closure when the market reaches or passes the trigger. In fast, volatile, gapped or illiquid markets, the position may close at a different price, may fill only partly, or may not execute. A Stop Loss does not protect all capital.
Example: If you buy EUR/USD at 1.1000 and set a Stop Loss at 1.0950, 1.0950 is the trigger, not a guaranteed exit price or a guaranteed 50-pip maximum loss.
Take Profit Order (TP)
A Take Profit requests closure when the market reaches the target. If it is accepted and executed, it may realize a profit without continuous monitoring. Market and execution conditions can affect whether, when and at what price it executes.
Example: If you buy EUR/USD at 1.1000 and set a Take Profit at 1.1050, 1.1050 is the trigger, not a guaranteed closing price or an exact 50-pip profit.
Before relying on these orders
Check the current instrument Specification or Information, minimum distance, trading hours, and controls for your exact account and platform.
Review the order status after submission. A displayed level or trigger does not prove execution.
Allow for spread, slippage, gaps, liquidity, latency, partial fills, or rejection.
Order levels and position size are your decision. This article is general information, not personal advice.
For more detail, see What is a slippage in trading?
Use the current agreements applicable to your account in the Client Portal for contractual terms.