> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cove.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Auto TP/SL

> Add automatic take-profit and stop-loss levels to future market buys

Auto TP/SL adds configured exit orders to future market buys.

<Frame>
  <img src="https://mintcdn.com/cove-8695a88b/t9Di2mu9bm7K1cRM/assets/current-ui/auto-tp-sl-overview.png?fit=max&auto=format&n=t9Di2mu9bm7K1cRM&q=85&s=f77c3fae5fda1114fdf485c612735a9c" alt="Current Auto TP or SL overview with take-profit, stop-loss, and sell-sizing controls" width="576" height="518" data-path="assets/current-ui/auto-tp-sl-overview.png" />
</Frame>

## How it works

1. Open Trade panel settings and choose Auto TP/SL.
2. Enable Auto take profit, Auto stop loss, or both.
3. Add one or more levels for each side.
4. Set a trigger percentage and the percentage to sell.
5. Save the levels.

Auto take profit triggers after the configured gain. Auto stop loss triggers after the configured loss.

<Tabs>
  <Tab title="Auto take profit">
    <Frame>
      <img src="https://mintcdn.com/cove-8695a88b/t9Di2mu9bm7K1cRM/assets/current-ui/auto-take-profit.png?fit=max&auto=format&n=t9Di2mu9bm7K1cRM&q=85&s=bcade76d317099363b3a3af417233ee7" alt="Current Auto take profit level settings" width="583" height="453" data-path="assets/current-ui/auto-take-profit.png" />
    </Frame>
  </Tab>

  <Tab title="Auto stop loss">
    <Frame>
      <img src="https://mintcdn.com/cove-8695a88b/t9Di2mu9bm7K1cRM/assets/current-ui/auto-stop-loss.png?fit=max&auto=format&n=t9Di2mu9bm7K1cRM&q=85&s=cda93feba26d093183fbb12e6cfcac4d" alt="Current Auto stop loss level settings" width="576" height="452" data-path="assets/current-ui/auto-stop-loss.png" />
    </Frame>
  </Tab>
</Tabs>

## Sell sizing

The current UI offers two sizing modes.

| Mode             | Meaning                                                                    |
| ---------------- | -------------------------------------------------------------------------- |
| `% of entry`     | Each level sells a fixed percentage of the original position               |
| `% of remaining` | Each level sells a percentage of the position left when the level triggers |

The UI warns that `% of entry` levels cannot total more than 100%. Levels can be added and deleted. Auto take profit and Auto stop loss can be enabled independently.

## Scope

Auto TP/SL applies to new market buys. Existing positions are not changed retroactively. Manual limit sells remain available separately.