Take Profit and Stop Loss Orders Canceled

Cancellation of Take Profit and Stop Loss Orders

The digital asset market offers 24/7 trading services. Proper use of take profit and stop loss functions can effectively control risk. The following describes situations where take profit and stop loss functions may be canceled, helping you to better utilize MGBX's take profit and stop loss features and avoid improper settings.

Situations Where Take Profit and Stop Loss Orders Are Canceled

1. Triggering Forced Liquidation or Position Reduction

If a position triggers a forced liquidation or reduction before the take profit or stop loss is activated, the take profit and stop loss orders will be automatically canceled.

2. Simultaneous Setting of Take Profit and Stop Loss

When both take profit and stop loss orders are set simultaneously, if one is triggered, the other will be automatically canceled.