Stop orders.

The key to trading on any exchange is capital management and hedging risks for existing positions. In the latter case, it is common to use stop orders.

A stop order is an order that forces a position to be closed, triggered when pre-specified parameters are reached.

These parameters can include the price of the asset being traded or the time (duration of the trade). There are several types of such orders, each with its own specific function.

A stop loss is the most important stop order, protecting you from completely losing your deposit. A stop loss allows you to determine in advance the amount of loss you're willing to accept when opening a new trade.

This order is set in the position management window, and can be done either immediately before or after the trade is opened. For more information on how to use this order, read the article " How to Set a Stop Loss ."

A trailing stop is useful for maximizing profits while ensuring the trade is securely protected. This can be achieved by moving the stop to a break-even point. This can be done manually or automatically by simply setting a trailing stop.
Your stop loss will then follow the price in the direction of the trend at the distance you set and will only be triggered under unfavorable circumstances, ensuring maximum profitability.

Trailing stop settings are described at this link.

A take profit is the most convenient stop order, as it allows you to lock in your profit. This order is triggered as soon as the price reaches the level you set.

While a stop loss is generally required, a take profit is not mandatory, except when you leave a position unattended.

Learn more about setting take profit .

It's also worth noting that while stop losses and take profits work regardless of whether the trader's terminal is running, a trailing stop only works when the terminal is running, or requires the terminal to be installed on a virtual server.