Yes, you can—and you absolutely should do it every time you open a position. Binance Futures supports setting both take-profit and stop-loss simultaneously, so your positions are automatically managed even when you're away from the screen. But the details of how to set them, what options are available, and what to watch out for aren't always obvious.
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Two Opportunities to Set TP/SL
On Binance Futures, you have two moments to set take-profit and stop-loss.
Pre-Set When Opening a Position
This is the recommended approach. When placing your order, there's a collapsible "TP/SL" option below the trading panel. Expand it to enter your take-profit and stop-loss prices right alongside your entry.
Steps:
- On the futures trading page, select your trading pair, leverage, and margin mode
- Choose limit or market order and fill in your price and quantity
- Below, find the "TP/SL" (Take Profit/Stop Loss) option and expand it
- Enter your take-profit price in the TP field
- Enter your stop-loss price in the SL field
- Confirm and submit the order
Your entry order and TP/SL orders are submitted together. Once the position opens, the TP/SL orders are automatically active.
Advantage: Entry and risk management in one step—no chance of forgetting the stop-loss.
Add After Opening
If you forgot to set TP/SL when opening, or want to adjust the levels, you can do it from the "Positions" tab.
- On the futures page, find the "Positions" tab at the bottom
- Locate your position and tap the "TP/SL" button on the right
- Enter your take-profit and stop-loss prices
- Confirm and submit
To modify, use the same entry point and simply overwrite the existing prices.
How TP/SL Are Triggered
Binance offers two trigger price types:
Mark Price: A fair price calculated by Binance as a weighted average across multiple exchanges, designed to prevent false triggers from "wicks." Using mark price for your stop-loss is recommended.
Last Price: The most recent trade price. Using last price for take-profit ensures you exit near your target price.
When setting TP/SL, you can independently choose mark price or last price for each. The default is mark price, which is generally fine to keep.
Execution After Trigger
Once TP/SL is triggered, the actual closing order can be:
- Market order: Closes immediately at market price—guarantees execution but may have slippage
- Limit order: Closes at your specified price—more precise but not guaranteed to fill
For stop-losses, market orders are strongly recommended. The whole point of a stop-loss is to "get out no matter what." A limit order in a fast-moving market might not fill, leaving your stop-loss useless.
For take-profit, limit orders work well for precise execution at your target price.
Practical Example
Say you go long BTC at 60,000 USDT with 5x leverage and a position of 0.1 BTC.
Take-profit setup:
- Trigger price: 63,000 USDT (5% rise)
- Execution: Limit order at 62,950 USDT
- Expected profit: (63,000 − 60,000) × 0.1 = 300 USDT
Stop-loss setup:
- Trigger price: 58,800 USDT (2% drop)
- Execution: Market order
- Expected loss: (60,000 − 58,800) × 0.1 = 120 USDT
This gives a risk-reward ratio of 300:120 = 2.5:1—a solid setup. Generally, a ratio of at least 2:1 is considered worthwhile.
Partial Take-Profit Strategy
Binance also supports taking profit on only part of your position. For example, if you're long 0.1 BTC, you could set up staggered exits:
- Close 0.03 BTC at 62,000 (lock in some gains)
- Close 0.03 BTC at 64,000
- Use a trailing stop or higher TP for the remaining 0.04 BTC
To do this, manually place multiple conditional orders with different trigger prices and quantities. You can view all pending conditional orders under "Open Orders."
Trailing Stop Loss
Beyond fixed-price stop-losses, Binance offers a trailing stop feature. The logic: as the price moves in your favor, the stop-loss follows; when the price reverses, the stop-loss stays put, and the position closes when it's reached.
How to set it:
- In conditional orders, select "Trailing Stop"
- Set the "Callback Rate," e.g., 2%
- Optionally set an "Activation Price"—the trailing stop only starts working once this price is reached
Example: You go long at 60,000 with a 2% trailing stop. BTC rises to 65,000—your stop is now at 65,000 × (1 − 2%) = 63,700. If BTC continues to 68,000, your stop moves to 66,640. When BTC drops 2% from the peak, the position auto-closes.
The advantage: you protect profits while capturing as much upside as possible, without exiting too early and missing a big move.
FAQ
Q: Can both TP and SL trigger at the same time? No. Once one triggers and closes the position, the other is automatically canceled.
Q: Do TP/SL orders require additional margin? No. They're conditional orders—they don't use any funds until triggered.
Q: Do TP/SL still work if my internet disconnects? Yes. TP/SL orders are executed server-side, independent of your connection. Even if you close the app, they'll trigger at the set price.
Q: Can I set multiple TP/SL groups for one position? Through the "TP/SL" button in the positions tab, you can only set one pair. But you can achieve multiple targets by placing additional conditional orders, each with different quantities and prices.
Summary
Binance Futures fully supports setting both take-profit and stop-loss simultaneously, whether pre-set when opening or added afterward. Plan your TP/SL levels before each trade, and complete your entry and risk management in one step. Use mark price + market order for stop-losses to ensure execution, and choose limit orders for take-profit when precision matters. Good trading habits start with setting TP/SL on every single position.