TP/SL, Triggers, and Reduce-Only

Overview

Ekiden supports the following advanced order features:

Take Profit / Stop Loss (TP/SL) using the tpsl object attached to an entry order.
Conditional orders using the trigger object.
Reduce-only orders using the reduce_only flag to prevent increasing an existing position.

TP/SL

The tpsl object configures Take Profit and Stop Loss for an entry order.

Modes

The mode field supports the following values:

Value	Description
`Full`	Applies the configured Take Profit and Stop Loss settings in full mode.
`Partial`	Applies the configured Take Profit and Stop Loss settings in partial mode.

TP/SL Configuration

The take_profit and stop_loss fields support both Market and Limit configurations.

Field	Description
`market`	Executes a market order when the trigger price is reached.
`limit`	Places a limit order when the trigger price is reached.

Trigger

Conditional orders are configured using the trigger object.

Field	Description
`trigger_by`	Price source used to evaluate the trigger. Supported values: `LastPrice`, `IndexPrice`, `MarkPrice`.
`trigger_direction`	Trigger direction. Supported values: `Up` or `Down`.
`trigger_price`	Price level that activates the order.

Reduce-only

Set

{
  "reduce_only": true
}

to ensure that an order only reduces or closes an existing position.

Example Request

{
  "sub_account_address": "0x6160e0768af12ec30112972801aaa8287b42f15a2485ef68cd184a3eeec9dc49",
  "symbol": "CC-USDCx",
  "side": "Buy",
  "order_type": "Market",
  "qty": "8.32089394",
  "price": "0",
  "margin_mode": "Cross",
  "time_in_force": "IOC",
  "post_only": false,
  "reduce_only": false,
  "close_on_trigger": false,
  "tpsl": {
    "mode": "Full",
    "take_profit": {
      "market": {
        "trigger_price": "0.151785799",
        "trigger_by": "LastPrice"
      }
    },
    "stop_loss": {
      "market": {
        "trigger_price": "0.124188381",
        "trigger_by": "LastPrice"
      }
    }
  }
}

Notes

Market TP/SL configurations require trigger_by and trigger_price.
Limit TP/SL configurations require limit_price, trigger_by, and trigger_price.
trigger_by supports LastPrice, IndexPrice, and MarkPrice.
All price values (trigger_price and limit_price) are represented as strings.

Overview

Getting Started

Setup

Fund Your Account

Market Data

Trade

Market Make

Account & Portfolio

Access Controls

Troubleshooting

RESTful API

WebSocket Guide

Websoket Reference (AsyncAPI)

TP/SL, Triggers, and Reduce-Only

Overview

TP/SL

Modes

TP/SL Configuration

Trigger

Reduce-only

Example Request

Notes

​Overview

​TP/SL

​Modes

​TP/SL Configuration

​Trigger

​Reduce-only

​Example Request

​Notes

Overview

TP/SL

Modes

TP/SL Configuration

Trigger

Reduce-only

Example Request

Notes