# Take-profit & stop-loss (TP/SL)

_Source: https://docs.neurotrading.io/kr/trading/tp-sl_

TP/SL orders sell (or buy) automatically when a token crosses a threshold you set — so your exits execute even when you're away. The engine watches **every live price tick** and fires the moment a trigger is crossed.

## Trigger types

| Trigger | Fires when |
| --- | --- |
| **Market cap (USD)** | The token's market cap rises above your take-profit target or falls below your stop-loss target. |
| **Price % movement** | The price gains or loses a set percentage from where you armed the order. |
| **Absolute price** | (Telegram limit orders) the price crosses an exact value. |

## Setting TP/SL on the web

1. Open the token's details page.
2. In the **TP/SL panel**, pick a wallet (the dropdown shows each wallet's balance), choose the trigger mode — **MarketCap** or **Price % movement** — and enter the take-profit and/or stop-loss values.
3. Choose the **amount to sell** (percentage of holdings) and confirm.

You can stack **multiple sell levels** per token — e.g. sell 50% at 2× and the rest at 4× — and cancel any level individually. The TP/SL button is disabled while you hold zero of the token.

## Limit orders in Telegram

* **Limit buy** — arm a buy that executes when the token reaches a target market cap or price (useful for buying dips or graduations).
* **Limit sell** — the same trigger families as above, configured through the `limit-sell` flow.
* **Config limit** — review and adjust your active orders; `/orderlimit` lists everything pending.

Orders can carry an optional **24-hour expiry** so stale triggers clean themselves up.

## Good to know

* Orders are evaluated by the sniper engine against the live price stream — no polling on your device is involved; you can close the app.
* A **100% manual sell** of a token cancels its outstanding TP/SL levels automatically.
* Fills arrive as Telegram notifications with the executed price and a link to the transaction.
* Your fee & slippage settings apply to the triggered sell exactly as they would to a manual one.

## Related

* [Automated exits: trailing stops & timed sells](automated-exits)
* [Tutorial: Set up TP/SL on a position](../tutorials/set-up-tp-sl)