Setting a profit target in the Nadex platform
Next to any of your open positions, you will now see a button labeled ‘Set profit target’ on the desktop platform and on the mobile app, as shown below:
Clicking these buttons will open a new order ticket where you can set your profit target and submit a limit order. After clicking ‘Place Limit Order’ in the ticket, you’ll have a working order to close your position if your profit target is reached and the order is filled.
If your profit target is not reached your working order will be canceled at expiration of the contract. Additionally, you can amend or cancel your limit order (profit target) by clicking on the ‘Orders’ tab.
Managing your positions
You can still manage your positions by clicking directly on your open position. This method can be used to place a limit order or market order to set a profit target or close a position, etc.
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