Placing Exit Orders when Coins have already been Bought (or Sold)

If coins were bought without using a smart position, it's still possible to use a concurrent TP and SL to sell those coins.

The way to do that depends on the data available to Altrady.

Scenario	Procedure	Notes
Coins bought using Altrady and/or orders visible in My Orders>Closed	Create a manual position and convert to smart	Video: How to Convert a Manual (or Spot) position to smart
Orders not in My Orders>Closed but trade arrow is visible	Create a manual/date-based position and use option 1 or 2 below. The position can be used for analytics but not order management	Note that trades can also be imported (subscription only)
No orders or trades, trades cannot be imported	A position cannot be created for analytics but the coins can still be sold using concurrent TP and SL. Spot: Use Option 1 or 2 below. Futures: use option 3 below.

Option 1.

For Binance and Binance US, use the OCO order to place a TP and Stop Limit Order at the same time.

See our OCO documentation for details.

Option 2.

For other Spot exchanges use the following method to combine a Take Profit and Stop Loss to sell coins you already own.

Option 3.

for one-way mode. tick Reduce-Only, choose the correct side (Buy or Sell), and choose any of the available order types in the top part of the Trading widget to create a TP order. Place the order

Futures: Adding a Limit Buy TP for coins already sold: using Redcue-Only.

and, tick Reduce-Only, choose the correct side (Buy or Sell), and use the top part of the Trading widget to create a Stop Market or Stop Limit order. Place the order

Futures: Adding a Stop Limit Buy for coins already sold: using Reduce-Only. TP is already placed.

for hedge mode the process is the same; but instead of enabling Reduce-only, select the correct direction then choose the **Close ** option.

Choose any of the available order types in the top part of the Trading widget to create a TP order. Place the order.

Repeat for the SL, using one of the Stop orders at the top of the trading widget and 100% of the position size.

Updated on: 08/11/2025

Was this article helpful?

Thank you!