What's the difference between Simple and Advanced TP/SL on Crypto Futures?
Simple TP/SL always executes as a Market Order once triggered and requires no additional setup beyond a trigger price, while Advanced TP/SL lets you switch either leg — TP, SL, or both — to Limit execution with a Good-Till-Cancelled (GTC) validity, giving you price control at the cost of a possible non-fill if the market moves past your limit too quickly. The two aren't separate products; Advanced TP/SL is simply an optional layer on top of the same TP/SL system, available to every Crypto Futures trader with no tier restriction, and choosing it doesn't change anything about OCO pairing, Reduce-Only behavior, or how multiple TP/SL orders interact on a position. The real trade-off is fill certainty versus price control: Simple TP/SL guarantees your position exits once triggered, while Advanced TP/SL's Limit option guarantees the price you'll accept but not that the order will fill at all.
| Simple TP/SL | Advanced TP/SL | |
|---|---|---|
| Execution on trigger | Always Market Order | Market (default) or Limit, chosen per leg |
| Setup | No extra fields | Limit Price field appears when Limit toggle is ON |
| Fill guarantee | Yes — Market Orders always fill | No — a Limit order may not fill if price moves past your limit quickly |
| Price control | None — fills at best available price | Yes — fills only at your Limit Price or better |
| Time in Force | Not applicable | GTC (stays open until filled, canceled, or the position closes) |
| OCO / Independent | Same behavior either way | Same behavior either way |
| Eligibility | All Crypto Futures traders | All Crypto Futures traders, no tier restriction |
| Margin reserved | None | None |
| Extra fee for the feature itself | None | None |
- Advanced TP/SL is purely opt-in — if you never turn on the Limit toggle, your experience is identical to Simple TP/SL today, with the same default Market execution and the same OCO/Independent rules.
- Because a Limit order isn't guaranteed to fill, using Advanced TP/SL trades fill-certainty for price control — useful in low-liquidity conditions where Market execution risks slippage, but riskier if you need a guaranteed exit no matter what.
Related questions:
Q: Which one should I use — Simple or Advanced TP/SL?
Use Simple TP/SL if you want a guaranteed exit regardless of price, since it always fills as a Market Order once triggered; use Advanced TP/SL's Limit option if avoiding slippage matters more to you than a guaranteed fill, particularly in thinner or more volatile markets.
Q: Can my Advanced TP/SL Limit order stay open indefinitely?
Yes — it uses GTC (Good-Till-Cancelled) validity and stays open until it fills, you cancel it, or the position it protects is closed, so there's no separate expiry timer to track beyond those three outcomes.
Q: Does switching to Advanced TP/SL change how OCO pairing works?
No — OCO pairing rules are the same for Simple and Advanced TP/SL; pairing depends entirely on whether TP and SL were submitted together, not on which execution type either leg is set to.
Q: Does Advanced TP/SL cost more to use than Simple TP/SL?
No — there's no separate fee for choosing Limit execution over Market on your TP/SL, and no margin is reserved for either type while the order waits to trigger; standard trading fees apply the same way once an order actually executes.