# 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](https://docs.surge.trade/about-surge/oracle "mention") 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="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2FyCrn20mE5XdSzbELd71Z%2FScreenshot%202024-10-29%20at%209.57.34%E2%80%AFPM.png?alt=media&#x26;token=9b74ac07-62a6-4995-8b13-472d2baf03c2" 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](https://docs.surge.trade/about-surge/keepers "mention").

### 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="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2FNm8OdWuRdXDbkfxTvw8E%2FScreenshot%202024-10-29%20at%2010.13.40%E2%80%AFPM.png?alt=media&#x26;token=09745300-8cdf-4fac-b5fa-61a00140e5f4" alt="" width="546"><figcaption></figcaption></figure>

<figure><img src="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2F5woIc7t7a4EbiZY2oCdb%2FScreenshot%202024-10-29%20at%2010.13.19%E2%80%AFPM.png?alt=media&#x26;token=03a13b38-b793-4468-9814-80be7c17ac7c" 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.