Digital assets are traded around the clock. As such, using take-profit and stop-loss orders can help you better manage your risks wherever you are. This article explains take-profit and stop-loss orders can be canceled, aiming to help you better understand CoinW's take-profit and stop-loss orders.
Your take-profit and stop-loss orders may be canceled under 1 of the following situations:
- A limit order was triggered and your position was reduced or liquidated before your TP/SL order can be triggered.
- A forced reduction or liquidation was triggered and your TP/SL orders will be automatically canceled.
- TP and SL orders are "One-Cancel-the-Other" orders and if one order is executed, the other will be automatically canceled.