Protections Stay Intact — Even After You Partially Close

On the CLEO trading platform, when you partially close a position, your original stop loss (SL) and take profit (TP) protections do NOT automatically adjust to the new, smaller position size. Make sure you check your protections after partial closes to make sure you’re happy with the amount. You also need to eddit them to move them on the chart if you wish to do so.

Note that one of multiple Stop Loss or Take Profit being hit is also considered a partial close.

This is different from how some other trading platforms behave, where SL/TP amounts reduce proportionally. In CLEO, they remain fixed unless you manually change them.

What This Means for You

• If you manually close part of your position, your remaining SL and TP will still be protecting the original amount, but work on the smaller amount. However if your protection closest to price is larger than the tottal position amount, and is one of many protections, it will close your entire position.

• The other reason to tweak the amounts is if you want to move them on the chart, or want to add more protections.

What You Should Do

After a partial close you do not need to do anything if keeping the original protections. If you are moving them around or adding protections, use nominal amounts or the sliders.

Here’s an example:

Example:

• You open a 10 ETH long position with a SL 1 = 5 ETH, SL2 = 5ETH and TP 1 = 5 ETH, TP2 = 5ETH .

• You close 10 ETH manually.

• Your SL and TP are all still set to 5 ETH.

• IF YOU WANT TO CHANGE THE PROTECTIONS you should now edit them to cover 2.5 ETH only

The same applies if you open that same 10 ETH position (with a SL 1 = 5 ETH, SL2 = 5ETH and TP 1 = 5 ETH, TP2 = 5ETH) and your SL1 gets hit. To move the Take Profits you’ll need to reduce them to 2.5 ETH each.