Setting a profit target in the Nadex platform

October 28, 2021
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A new feature is available in the demo and live trading platforms to make it easy for traders to set a profit target for their open positions.

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:

‘Set profit target’ on the desktop platform and on the mobile app

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.

Set your profit target and submit a limit order in desktop and mobile platform

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.

Feedback

If you have any questions or want to submit feedback, please email customerservice@nadex.com!

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