Xpanse
  • Xpanse - Overview
    • Introduction
    • Roadmap
    • FAQ
  • AI Trading
    • Signals/indicators
      • ViperAI
      • WaveML
      • Minima/Maxima
      • Fear & Greed Index
  • Intent-based System
    • Introduction
    • Trading on Intent-Based System
      • Trading Basics
      • Trading Tutorials
        • Guide
      • Liquidations, Margin Management, and Account Health
      • Take Profit and Stop Loss
      • Fees
      • Collateral & Cross-Margin Accounts
      • Understanding Funding Rates
      • Pricing Data and the Role of Oracles
      • Unrealized Profit and Loss (uPNL)
      • Open Interest (OI) and Market Activity
      • Withdrawal Process and Security Measures
      • Advanced Charts by TradingView
  • Oracle-Based System
    • Introduction
    • Trading on Oracle-based System
      • Order Types
      • Profit & Loss
      • Oracles
      • Fees & Rebates
      • Liquidation
      • Liquidity
        • Global zAsset Market Liquidity
        • On/Off Ramp Liquidity
      • Account Management (FAMS)
      • Perpetual Futures - Deep Dive
        • Delta Neutrality
        • Price Impact Function
        • Dynamic Funding Rates
        • Dynamic Funding Rate Simplified Example
        • Visualizing Price Impact and Dynamic Funding Rate in Horizon Futures
  • Orderbook System (coming soon)
    • Introduction
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  1. Intent-based System
  2. Trading on Intent-Based System

Take Profit and Stop Loss

How It Works

Intent-based integrates proprietary Take Profit (TP) and Stop Loss (SL) solutions through its SYMMIO core contracts. This system automates trade closures when the target price conditions are met, leveraging a combination of reliable price feeds and fallback mechanisms for accuracy.

  • Price Triggers:

    • Price ≥ TP → System triggers a close request to the solver.

    • Price ≤ SL → System triggers a close request to the solver.

  • Price Source:

    • Default: Last Price (aligns with market charts under normal conditions).

    • Volatility Protection: Mark Price replaces Last Price if their divergence exceeds 0.25%.

    • Fallback Mechanism: Ensures uninterrupted operation even if primary price feeds fail.

Once triggered, positions are closed at the Market Price, which may differ slightly from the trigger price due to execution delays.

Execution Details

  • Gas-Free Transactions: Powered by Account Abstraction technology, our intent-based system sponsors transaction gas costs for users.

  • Execution Time: Closing requests are processed within 3–5 seconds. During this interval, price fluctuations may affect execution success.

  • Scalping Limitation: This system is optimized for medium- and long-term trades, not high-frequency scalping or low-timeframe strategies.

System Limitations: Intent-based ensures close requests are sent to solvers but cannot guarantee execution due to SYMMIO’s and solver-side dependencies. Further improvements, including redundancy measures, are planned for a more robust solution.

Setting Stop Loss and Take Profit

Adding SL and TP to your positions is quick and easy:

  1. Access Your Position: Open the Positions tab and locate the SL/TP settings.

  2. Enable Stop Loss: Approve the intent-based system to manage your position closure. This one-time setup is required.

  3. Set Targets:

    • Select percentage-based thresholds or input custom prices.

    • Confirm your Take Profit and Stop Loss values.

The intent-based’s SL/TP system is designed to simplify trade risk management. While it provides a reliable and user-friendly solution for most trading scenarios, users should be aware of potential delays or incomplete executions during volatile market conditions. For short-term or high-frequency trading, manual monitoring is recommended.

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Last updated 4 months ago