Take Profit and Stop Loss levels in Wirex Multiply provide users with the flexibility to manage their investment risk according to their needs. These features allow you to set the desired levels for closing your positions, either when the token price grows to a certain level (Take Profit) or when the price drops to a certain level (Stop Loss).
Stop Loss (Margin Call)
Wirex Multiply sets a minimum required Margin Call price for each multiplier level, in both the UP and DOWN directions. When it reaches this level, it will automatically close your Wirex Multiply. As a user, you can set any Stop Loss price (or price change in percentage) above this minimum level. The Margin Call is a required field, and it is always set to the maximum value by default.
Please note that in the event of significant market movements, there may be some slippage, and the actual close price may differ slightly from the level you set.
Take Profit is not set by default, and you need to enable it manually in your Wirex Multiply. When you enable Take Profit, Wirex will automatically close your position once it reaches a certain price level. Only Hourly and Profit Share fees apply when using Take Profit.
Setting Stop Loss and Take Profit Levels
You can adjust your Take Profit and Stop Loss (Margin Call) levels by navigating to the Wirex Multiply page, accessing the detailed view of your Wirex Multiply, and pressing the "Adjust" button in the top left corner. You can also set these levels when opening a new Wirex Multiply.
You can manually enter the desired levels or use the running roller to adjust the levels. The system will display the potential gain or risk in percentage correlation.
To apply your new levels, press the "Save" button. Your new Take Profit level will be reflected on the chart in the Wirex Multiply view. You can change your Stop Loss and Take Profit levels at any time without incurring any additional fees.
Please note that the maximum level of Margin Call and Take Profit may be limited. On the Take Profit/Stop Loss adjust page, you can view all requirements and the maximum/minimum limits. If you are new to Wirex Multiply, we recommend that you familiarise yourself with its investment risk and fees and commissions by exploring the product in advance.