# Take Profit & Stop Loss ## Overview **Take Profit (TP) and Stop Loss (SL)** are features that help you automatically manage risk and lock in profits when trading installment contracts on iFlux Global. Once enabled, the system will: * **Take Profit:** automatically close your contract when the market price reaches your target profit level * **Stop Loss:** automatically close your contract when the market price drops to your predefined loss limit When TP or SL is triggered, the installment contract will be liquidated, liquidation fees will be applied according to the rules, and the remaining tokens will be returned to your wallet. ## Why Use Take Profit / Stop Loss? * Protect your capital from unexpected market movements * Lock in profits without watching the chart 24/7 * Trade with more discipline and less emotion * Ideal for both beginners and experienced traders ## How Take Profit / Stop Loss Works #### 1. Setting TP / SL When Opening a Contract When opening a new installment contract: * You can choose to enable or disable TP/SL * If enabled, you can enter: * A Take Profit price * A Stop Loss price * You may set only TP, only SL, or both Setting TP/SL is optional and fully controlled by you. #### 2. Managing TP / SL After the Contract Is Active For active contracts: * Your selected TP and/or SL prices will be displayed in the My Installment page * You can edit or update TP/SL at any time, as long as the contract has not been liquidated #### 3. When TP or SL Is Triggered When the market price reaches your TP or SL level: * The contract is automatically liquidated * A liquidation fee is applied based on platform rules * The remaining tokens are calculated and returned to your wallet * The contract status changes to Liquidated * You will receive an email notification explaining whether Take Profit was triggered or Stop Loss was triggered ## Rules & Limitations * Setting TP and SL is optional and fully controlled by the user * You may choose to set only a Take Profit level, only a Stop Loss level, or both at the same time. * Take Profit price must not be lower than the Stop Loss price * TP/SL only applies to active contracts * TP/SL can be modified only before the contract is liquidated * Market prices can move quickly and may trigger your Take Profit or Stop Loss without prior notice. * Once TP or SL is triggered, the contract will be liquidated and cannot be reopened. * To avoid unexpected outcomes, make sure your TP and SL levels align with your trading strategy and risk tolerance. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://iflux-global.gitbook.io/iflux-global/token-installment/take-profit-and-stop-loss.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.