To automatically close your position after a certain profit or loss is made, it is recommended that you additionally set a Take Profit or Stop Loss price.
Default Stop Loss Price: When placing an order, the system will set a default Stop Loss price. The default stop-loss varies according to the leverage you are taking.
Limit Stop Loss: If you can take a higher loss, you can adjust your preset stop loss at a higher loss price.
Default Take Profit Price: When placing an order, the system will set the default Take Profit price, which is the profit price equivalent to 200% of the margin.
Take Profit price restriction: If you want to achieve higher profit, you can set Take Profit price up to 500% of the initial margin.
Calculation Formula of Profit and Loss
Profit and Loss from Long=(Open price-Close price)*Position
Note: The closing price is the bid price indicated by the current market
Profit and Loss from Short=(Open price-Close price)*Position
Note: The closing price is the ask price indicated by the current market
For the details on how maximum stop loss is being calculated now, please refer to here