When trading Crypto Futures, can I set TP and SL separately (or together)?
Yes — on Pluang's Crypto Futures you can set Take Profit (TP) and Stop Loss (SL) separately as Independent orders, or together as an OCO (One-Cancels-the-Other) pair, and both options are available whether you're opening a brand-new position or adding an exit order to a position you already hold. Setting them separately means creating a TP or an SL on its own, without linking it to anything else — each becomes an Independent order that stays active until it executes, the position closes, or you cancel it, and executing one has no effect on the other. Setting them together means submitting TP and SL in the same action, which links them as an OCO pair so that executing one automatically cancels the other. Neither method is more "correct" than the other — which one fits depends on whether you want a single paired exit or multiple standalone exit levels you can manage independently of each other.
- Setting them separately: As long as you have an open contract position, you can create a TP or an SL on its own without linking it to a buy order first — each is created as an Independent order that runs entirely on its own timeline.
- Setting them together: Creating TP and SL in the same action links them as an OCO pair, so executing one automatically cancels the other and you never end up holding a stray exit order.
- Mixing approaches: You aren't locked into one method — you can add an Independent TP now and pair a new OCO TP/SL set later on the same position, since Pluang allows multiple TP/SL orders to coexist.
- Choose whichever fits your strategy — Independent for standalone exit levels you want full control over individually, OCO for a single paired exit strategy that self-cleans once one side triggers.
Related questions:
Q: Do I need an open position to add a TP or SL?
Yes — you need an existing contract position in your portfolio to add a standalone (Independent) TP or SL to it. You cannot pre-set a TP or SL before a position exists; the order is always attached to a position you're already holding or one you're opening in the same action.
Q: What's the difference between Independent and OCO orders?
Independent orders each stay active on their own regardless of what happens to any other order on the position; an OCO pair auto-cancels its partner order once one side executes, so the pair effectively self-cleans the moment your exit condition is met.
Q: Can I switch from Independent to OCO after I've already placed a TP?
Not directly — an existing Independent order stays Independent. To create an OCO pair, cancel the standalone order and resubmit TP and SL together in the same action so the system links them as a pair.