Streamline that order management
When placing a new spot or margin order, you can now preset both your profit targets and risk management levels in a single action.
What makes this particularly convenient is the automatic order management – when either your take profit or stop loss level is reached, the other order automatically cancels through one-cancels-other (OCO) functionality, reducing the need for manual order management. That frees up more time to work on your next trade.
No limits to your limit orders
Our implementation of TP/SL for spot and margin trading supports an extensive range of order types.
Whether you prefer limit orders, trailing stops or trailing stop limits, you can configure your exit strategy to match your preferred trade execution style. This comprehensive support means you can now set up sophisticated order combinations that previously required multiple, manual steps on web or mobile.
Two modes to match your needs
Whether you’re new to automated order management or an experienced trader, we’ve designed TP/SL to adapt to your style:
Simple Mode offers straightforward configuration:
Set exit points using exact prices or percentage distances
Preview estimated P&L before entering trades
Configure both exits to trigger by Index or last Price.
Plus, on web you can get a quick visual confirmation of your strategy on the chart (with Order Form preview switched on).
Advanced Mode unlocks sophisticated capabilities:
Choose from our full range of order types for both TP and SL:
Fine-tune your exits with limit, take profit, take profit limit, stop loss, stop loss limit, trailing stop and trailing stop limit orders
Calculate TP and SL prices to trigger by % offset or by PnL
Configure each exit separately to trigger on Index or last Price.
Let’s get real (-world examples)
Here’s how traders can leverage these new capabilities:
Precise entry and exit planning
A spot trader entering a new Bitcoin position can now set their complete strategy in one go. By combining a limit entry order with a trailing stop loss and a take profit limit, they can ensure their position is protected while maintaining the potential to capture upward movement – all configured in a single order.
Risk-managed margin trading*
Margin traders can better manage their leverage by setting precise exit points using PnL offsets on Advanced Mode based on their risk tolerance. When opening a new leveraged position, they can immediately configure both a trailing stop loss with Index trigger to protect against a market-wide drawdown and a take profit limit with Last Price trigger to secure gains at their target price.
Let’s get started
You’ll find the new TP/SL feature in the Order Form widget under the Quantity slider when placing new spot or margin trades on Kraken Pro. Remember to configure your TP/SL settings during order placement, as they need to be set up when creating your initial order.
For detailed guidance on using TP/SL with different order types and settings, visit our comprehensive Support Center guide.
We built this because we’re traders too, and manually managing multiple exit orders is nobody’s idea of fun. TP/SL is now live on mobile and web, for spot and margin on Kraken Pro – so you can better manage your risk and give your mouse-clicking finger a break.
P.S. If you missed our Deriviatives TP/SL release, you can catch-up on that here.
*Availability of margin trading services is subject to certain limitations and eligibility criteria. Trading using margin involves an element of risk and may not be suitable for everyone. Read Kraken’s Margin Disclosure Statement to learn more.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here .
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