Introduction to Take-Profit and Stop-Loss for MGBX Futures – MGBX Support Center

I. How Should You Set the Direction of Take-Profit and Stop-Loss?

Long Position: Generally, set the take-profit price above the entry price and the stop-loss price below the entry price.

Short Position: Generally, set the take-profit price below the entry price and the stop-loss price above the entry price.

For example, if you open a long position at 60,000 USDT, you can set 63,000 USDT as the take-profit trigger price and 58,000 USDT as the stop-loss trigger price. If you open a short position at the same price, you can set 57,000 USDT as the take-profit trigger price and 62,000 USDT as the stop-loss trigger price. These examples are intended to illustrate the price direction only and do not constitute price recommendations. Trading fees are not included.

II. What Is the Difference Between Trigger Price and Execution Price?

Trigger Price: The price condition used to determine whether a closing order should be submitted.

Order Price: The price condition applied to the order submitted after the trigger is activated.

Execution Price: The actual price at which the order is matched with the market.

These three prices may differ. When using market execution, the system matches the order against available liquidity in the order book at that time, which may result in slippage. When using limit execution, the order must meet the specified limit price condition. If the market moves past the specified price too quickly, the order may not be filled.

III. How to Set Take-Profit and Stop-Loss on MGBX

Navigate to the futures trading page and confirm the trading pair and the position direction you want to manage.
Set the conditions through the 「Take-Profit/Stop-Loss」entry in the order placement area or the corresponding entry provided for an open position. Available entry points may vary depending on the current version.
Select a supported setting method, enter the take-profit and stop-loss prices or percentages, and verify the trigger conditions.
If the page allows you to select an execution method or closing quantity, review the corresponding parameters before submitting.
After setting the conditions, verify their status in your position or order history and ensure they are associated with the correct position.

MGBX provides existing guides on setting take-profit and stop-loss conditions by price and by percentage. The price type used as the trigger reference should be verified against the actual interface and applicable rules. Do not assume that it is the same price type used for liquidation or unrealized PnL calculations.

IV. How to Modify or Cancel Take-Profit and Stop-Loss Orders

While a position is open, you can use the modification and cancellation functions provided in the interface for the corresponding position or take-profit/stop-loss order section. After making any changes, verify the status and quantity again. If an order has already been triggered or filled, canceling it will not reverse the completed trade.

After increasing your position, partially closing it, or manually closing it, recheck the take-profit and stop-loss settings for the remaining position to avoid using quantities or conditions that are no longer appropriate.

V. Frequently Asked Questions

Why Was the Order Not Triggered Even Though the Price Appears to Have Reached the Set Level?

First, check the trigger price type, direction, order status, and timestamp in the order history. Different price indicators may briefly show different values, and the price displayed on the candlestick chart may not match the trigger price indicator used by the order.

Why Did I Still Incur Greater Losses After My Stop-Loss Was Triggered?

A trigger only indicates that the execution order has started to be submitted. Factors such as slippage, liquidity, and unfilled limit orders may all affect the final execution result.

Can Liquidation Still Occur After a Stop-Loss Has Been Set?

Yes. Stop-loss orders and forced liquidation are two different mechanisms. If margin is insufficient, prices fluctuate sharply, or an order is not filled in time, liquidation may still be triggered first.

Take-profit and stop-loss settings help you follow your trading plan, but they cannot replace proper position management. You should also monitor changes in margin, leverage, and funding fees.