> For the complete documentation index, see [llms.txt](https://docs.surge.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.surge.trade/about-surge/order-types/tp-sl-take-profit-and-stop-loss.md).

# TP/SL : Take Profit & Stop Loss

Surge allows you to add a **Take Profit** and/or a **Stop Loss** to a trade. These allow for a trade to be automatically closed at the prevailing [Oracle](/about-surge/oracle.md) price once a threshold price has been achieved (in or out of the money). TP and SL levels are prices (like the market price).

<figure><img src="/files/Pv56UQmgfAlfB8fCxX5j" alt="" width="539"><figcaption></figcaption></figure>

### Take Profit

A take profit price level is typically used to lock in profits on a trade and would be set above (below) the entry price for a long (short) trade. Once the take profit level is reached then the open trade could be closed by [Keepers](/about-surge/keepers.md).

### Stop Loss

A stop loss is typically used to limit the losses on a trade and would be set below (above) the entry price for a long (short) trade. Once the stop loss level is reached then the open trade could be closed by a *keeper*.

### Example

Here is a market order to go long BTCUSD with a TP at 72,000 and SL at 71,600. Entry price on the trade is 71,811.

<figure><img src="/files/M0BeWHswrk9rrsIciwJe" alt="" width="546"><figcaption></figcaption></figure>

<figure><img src="/files/bdANCmlHZPXd2PmJNsX6" alt=""><figcaption></figcaption></figure>

In this trade (long at 71,811):

* If BTCUSD goes higher, above 72,000 then a *keeper* could work to sell out the position. This should lock in profits on the trade\*
* If BTCUSD goes lower, below 71,600 then a *keeper* could work to sell out the position. This will lock in a loss on the trade.

\*If a TP level is very close to the entry price then it is possible that trading fees could erode the profit on a trade.