How to set a secondary TP/SL on Bybit? (Conditional Orders)

Understanding Conditional Orders on Bybit

1. Conditional orders on Bybit function as advanced risk management tools that activate only when a specified market price is reached.

2. These orders are distinct from regular limit or market orders because they remain dormant until their trigger conditions are satisfied.

3. Traders commonly use them to define both entry and exit parameters in volatile markets without constant monitoring.

4. The platform supports multiple conditional order types including Take Profit (TP), Stop Loss (SL), and Stop Entry orders.

5. Each conditional order can be configured with price, quantity, order type, and time-in-force settings.

Setting Up a Secondary TP/SL via the Bybit Interface

1. Navigate to the Unified Trading Account or Contract Trading interface depending on your position type.

2. Locate the “Order” panel and select “Conditional” from the order type dropdown menu.

3. Enter the desired trigger price for either TP or SL—this must differ from the primary TP/SL already attached to an open position.

4. Input the execution price, which may be set as market, limit, or limit with offset depending on strategy requirements.

5. Specify the order size, ensuring it does not exceed the remaining position size if partially closed.

Using the “Add TP/SL” Feature for Multiple Targets

1. After opening a position, click the “Manage” button next to the active trade in the “Positions” tab.

2. Select “Edit TP/SL” to access the modification window where existing TP/SL values appear.

3. Scroll down to find the “+ Add TP/SL” option—this enables creation of a secondary profit-taking or stop-loss level.

4. Choose between “Take Profit” or “Stop Loss”, then enter the price and order type for the new level.

5. Confirm submission; the system will now monitor both levels independently and execute accordingly upon triggering.

Important Constraints and Platform Behavior

1. Bybit allows only one primary TP/SL per position by default, but the “Add TP/SL” feature permits up to two total TP/SL levels per position.

2. If both TP levels are limit orders, they must have different prices—duplicate price entries will result in rejection.

3. Triggering one TP/SL does not cancel the other; both remain active unless manually removed or fully executed.

4. Partial fills affect remaining quantity calculations—secondary TP/SL adjusts automatically based on unfilled position size.

5. Conditional orders placed during high volatility may experience slippage, especially when using market execution after trigger.

Frequently Asked Questions

Q: Can I set more than two TP/SL levels on a single position?Bybit currently restricts users to a maximum of two TP/SL levels per position—primary and secondary—regardless of account tier or contract type.

Q: Do secondary TP/SL orders support trailing functionality?No, trailing stop features are only available for the primary TP/SL configuration; secondary levels must use fixed price triggers.

Q: What happens if my secondary TP/SL price matches the primary’s?The system will reject the duplicate entry and display an error message indicating overlapping trigger conditions.

Q: Is it possible to edit a secondary TP/SL after placement?Yes, traders can modify or delete secondary TP/SL orders directly from the “Manage” section under active positions without closing the trade.