Target order is an automatic order to exit a position. For long positions, the target order value has to be set above the current buy price. For short positions, the target order value has to be set below the current sell price at the time the order is set.

For positions in cryptocurrency pairs, target orders are triggered when the spot last price reaches the target order price you set for your specific target order, and is filled according to the Binance or Coinbase order book price for your order size.

For positions in stocks, ETFs, forex pairs and futures contracts, target orders are triggered and filled at the bid or ask price. If you have a long position in a stock, ETF, forex pair or a futures contract, your target order will be triggered at the bid price. If you have a short position, your target order will be triggered at the ask price.

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You can set multiple target orders at different price levels and sizes for your position by clicking on the Target Order field. To set a target order:

  1. Click on the Target Order field;

  2. Enter a value of your order size and the price that you want it to be executed at (stocks, ETFs, futures, forex pairs) or triggered at (crypto);

  3. Press the ‘Enter’ button to confirm;

  4. If you wish to add more target orders, click on the Target Order field and repeat the process.

Removing or changing a target order

A target order can be removed or changed anytime. Remove a target order by tapping the 'x' to the right of the target order.

Change your existing target order by clicking on the target order you wish to change, and editing the value of the target order size, and the price you wish it to be executed at (stocks, ETFs, futures, forex pairs) or triggered at (crypto). Press the ‘Enter’ button to confirm the change.

Effect on multiple target orders for the position when it is being reduced manually

Your target order(s) size in total cannot exceed your total position size. If you reduce your position manually, some of your target orders may be canceled or reduced:

1) If you manually reduce your position such that the total value of your position becomes less than the total value of your target orders, the target order with the furthest price from current market price will be reduced accordingly.

For example:

You have a long BTC/USDT position for $300 opened at the BTC/USDT price of $7000. You have 3 target orders for $100 size each, to be triggered at the following prices: $7100, $7200, and $7300. If you manually reduce your position by $60, your target order value at $7300 will be reduced from $100 to $40.

2) If you manually reduce your position such that the total value of your position becomes less than the total value of your target orders and if the value of one or more target orders is in excess of your position size, the target order(s) with the furthest price from current market price will be canceled. You will see a red message alerting you of this fact before you proceed to manually reduce or close your position.

For example:

You have a long BTC/USDT position for $300 opened at the BTC/USDT price of $7000. You have 3 target orders for $100 size each, to be triggered at the following prices: $7100, $7200, and $7300. If you manually reduce your position by $120, your target order value at $7300 will be canceled, and the target order value at $7200 will be reduced from $100 to $80.

3) If you manually close your position in full, all your target orders will be canceled, and you will see a red message alerting you of this fact before you proceed to manually reduce or close your position.

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