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What is Auto Close?

What is Auto Close?​

Auto Close lets you automatically close your position at set price levels. Take Profit locks in gains, while Stop Loss limits losses.

Auto Close Setup Example

Take Profit​

Take Profit sets a price where Gem Wallet can close the position to lock in gains when the market moves in your favor.

Set Default Take Profit

Stop Loss​

Stop Loss sets a price where Gem Wallet can close the position to limit losses when the market moves against you.

To open a position without Auto Close, clear both the take profit and the stop loss before you confirm. Your defaults from Settings > Preferences > Perpetuals are filled in automatically, but you can remove them for each trade.

Auto Close does not remove market risk. The final execution can still depend on market conditions and available liquidity.

Set Default Stop Loss