RISK
TP/SL Protection
Add or replace take-profit and stop-loss protection on open paper positions.
PAPER POSITION MANAGEMENT
Manage Open Positions with TP, SL and Partial Closes
Control Nelo Trade paper positions after entry. Add or replace take-profit and stop-loss protection, choose the protected percentage, close part of a position and keep PNL, ROE, margin and price context visible while you act.
✓ TP/SL protection✓ Percentage-based partial close✓ Position PNL, ROE & margin context
Protect, reduce and monitor an open positionIllustrative paper position-management preview
POSITION-LEVEL CONTROL
SIZE
Percentage-Based Actions
Choose how much of a position to protect or close instead of always acting on the full quantity.
STATE
Position Context
Keep side, size, notional, margin, entry, mark price, PNL, ROE and margin ratio visible while acting.
ORD
Linked Order Control
Review and cancel open paper orders or linked OCO protection when the position plan changes.
POSITION CONTROL WORKFLOW
Act on an Open Position Without Losing Risk Context
Position management should happen with the position state visible. Nelo Trade keeps price, PNL, ROE, margin and size information next to protection and closing controls so paper positions can be reduced or protected without switching to a separate workflow.
TP
Take-Profit Protection
Set a take-profit price for an open paper position and choose how much of the position the protection should cover.
Manage Paper PositionsSL
Stop-Loss Protection
Add stop-loss protection to an open paper position using the position-management controls instead of relying on manual monitoring.
Manage Paper PositionsOCO
Linked TP/SL Protection
When both take-profit and stop-loss protection are attached, Nelo Trade can represent them as linked OCO protection for the paper position.
Manage Paper Positions%
Partial Position Close
Choose a percentage of an open paper position to close instead of forcing an all-or-nothing exit.
Manage Paper PositionsP/L
Live Position Metrics
Review entry price, current mark price, notional, margin, unrealized PNL, ROE and margin ratio before managing the position.
Manage Paper PositionsX
Open Order Control
Cancel open paper orders and linked OCO protection from the position-management workspace when protection or order intent changes.
Manage Paper PositionsPROTECTION + EXIT CONTROL
Protect the Position, Reduce It or Cancel the Linked Orders
Use take-profit and stop-loss protection for open paper positions, select what percentage should be protected, partially close at the current server-side market price, and cancel open or linked OCO orders when the position plan changes.
Start Managing Positions✓ Take-profit price✓ Stop-loss price✓ Replace existing TP/SL protection✓ Select protected percentage✓ Partial position close✓ Linked OCO protection✓ Cancel open paper orders✓ PNL, ROE, margin & price context
POSITION MANAGEMENT FAQ
Position Management Questions
Can I set take profit and stop loss on an open Nelo Trade paper position?
Yes. The current paper position-management workflow supports creating or replacing TP/SL protection and lets you choose how much of the position the protection should cover.
Can I close only part of a paper position?
Yes. You can choose a percentage of an open paper position to close. The selected portion is closed using the current server-side market price.
Does Nelo Trade currently support trailing stop in this position-management workflow?
No. Trailing Stop is shown as unavailable in the current version. The current implemented protection workflow is take profit and stop loss.