How to set a take profit order on Bybit?

A take profit order on Bybit automatically closes a trade at a set price to lock in profits, helping traders exit positions without constant monitoring.

Jul 09, 2025 at 01:50 am

Understanding Take Profit Orders on Bybit

A take profit order is a type of limit order that automatically closes a trade when the price reaches a specified level, allowing traders to lock in profits. On Bybit, this feature is particularly useful for both spot and futures trading. Traders set take profit orders to ensure they exit a position at a favorable price without having to manually monitor the market constantly.

When placing a take profit order on Bybit, it's important to understand that it functions differently from a regular limit or market order. It only activates once the market hits the predefined price, which must be more favorable than the current market price. For example, if you're long on BTC/USDT at $30,000, you might set a take profit at $32,000 to secure gains once the price reaches that level.

Setting Up a Take Profit Order in Spot Trading

To set a take profit order in spot trading on Bybit, follow these steps:

• Navigate to the trading pair you are interested in, such as BTC/USDT.
• Ensure you have an open position or sufficient funds to place a new trade.
• Click on the "Limit" tab under the order types.
• Enter the amount of cryptocurrency you want to trade.
• Set the price at which you want your take profit to trigger.
• Check the box labeled "Take Profit" (this option may appear after placing the initial order).
• Input the desired take profit price.
• Confirm the order by clicking "Buy" or "Sell" depending on your position.

This process ensures that once the market reaches your specified take profit price, the order will execute and close your position, locking in your gains.

Using Take Profit Orders in Futures Trading

In futures trading on Bybit, setting a take profit order is slightly different due to the leverage involved. The interface provides more advanced options, especially when managing risk with stop loss and take profit levels.

• Go to the futures trading page and select your preferred contract.
• Open a position using either a market or limit order.
• After placing the order, locate the "Conditional" section on the right-hand side of the screen.
• Enable the "Take Profit" function.
• Input your target price where you want the position to close automatically.
• You can also choose between limit or market execution for your take profit order.
• Click "Submit" to activate the condition.

It’s crucial to note that if the market moves rapidly, a limit take profit might not execute at the exact specified price, while a market take profit guarantees execution but may result in slippage.

Configuring Take Profit Orders via Mobile App

Bybit offers a mobile application that supports setting take profit orders, making it convenient for traders on the go. The steps are similar to the desktop version but adapted for touchscreen navigation.

• Open the Bybit app and log into your account.
• Select the trading pair or futures contract you wish to trade.
• Tap the "Limit" order type.
• Fill in the amount and desired entry price.
• Toggle on the "Take Profit" option.
• Enter the target price for your take profit.
• Review the details and tap "Buy" or "Sell" accordingly.

The mobile interface allows traders to manage their positions efficiently even when away from a computer, ensuring they never miss out on potential profit opportunities.

Advanced Tips for Managing Take Profit Orders

Experienced traders often use trailing take profit strategies or combine multiple orders to maximize returns. While Bybit doesn’t currently offer a native trailing take profit feature, traders can simulate this by manually adjusting their take profit levels as the market moves favorably.

Some advanced techniques include:

• Setting multiple take profit levels to secure partial profits at different price points.
• Combining take profit with stop loss orders to maintain a favorable risk-reward ratio.
• Monitoring market depth and liquidity to avoid large slippage when using market execution for take profit orders.
• Using conditional orders to automate exits based on technical indicators or specific price levels.

These strategies help traders optimize their profit-taking approach and reduce emotional decision-making during volatile market conditions.

Frequently Asked Questions

Q: Can I modify a take profit order after placing it?

Yes, you can edit or cancel a take profit order on Bybit before it gets triggered. Simply navigate to the "Conditional Orders" section and adjust the parameters or cancel the order entirely.

Q: What happens if the market skips my take profit price?

If the market moves quickly and jumps over your take profit price, a limit take profit order may not execute. In such cases, consider using a market take profit order to ensure execution, though it may come with slippage.

Q: Is there a fee for using take profit orders on Bybit?

No, Bybit does not charge additional fees for setting take profit orders. However, standard trading fees apply when the order executes.

Q: Can I set a take profit order without opening a position first?

No, you need to have an active position or place a new one simultaneously to set a take profit order. It cannot exist independently like a regular limit order.