Last modified
November 7, 2022

How to enable Advanced TP/SL in Binance Futures

Learn to enable and configure Advanced TP/SL settings on Binance Futures.

In this tutorial, we will explain to you how to enable Advanced Take Profit & Stop Loss in Binance Futures. These settings will allow you to set better exit options for your trading positions based on percentage gain or loss.

"Setting up take profits and stop losses for your trades allows you to more easily trade from your bias, not your emotion."

Head to the Binance Futures interface

When in the Binance Future interface look on the top right corner for a setting/configuration icon (see image). Click the button and a popup should appear with a few more configurations.

Opening the futures dashboard settings menu
— Opening the futures dashboard settings menu

Enable the Advanced TP/SL

Click the empty box on the left of the “Advanced TP/SL” option, it should show a yellow-ish filled checkmark such as the one above it.

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Enabling the advanced TP/SL setting in the menu
— Enabling the advanced TP/SL setting in the menu

View the new TP/SL settings

Before entering a new position you can automatically set a TP/SL, click the TP/SL button and a new menu below should appear where you can display the TP

Enabling TP/SL for this trade in the sidebar
— Enabling TP/SL for this trade in the sidebar

Setup TP & SL

In the TP/SL box, you can set your exits & stops and Binance will automatically calculate your PnL (Profit and Loss) so this method is really easy to instantly see your risk & reward ratio.

Showcase of advanced TP/SL configuration options
— Showcase of advanced TP/SL configuration options

Contributors

Jesse
Founder
Max
Trading Expert