INTX Take Profit Stop Loss Orders

Take Profit Stop Loss (TPSL) orders are supported in FIX with New Order Single (35=D) and the Create order REST API.

TPSL orders allow users to set predefined profit and loss levels simultaneously for their position.

When an asset price reaches one of the target prices, the position is closed with a limit order. If one of the orders is triggered, the other order is canceled automatically. An order can only have one TP/SL on one side.

Parameters

These parameters are required for TPSL orders:

Tag	Name	Type	Required	Description
40	OrdType	Char	Y	Order Type must be O (the letter Oh)
44	Price	Decimal	Y	Take profit price (in this context) See Price Rules below.
99	StopPx	Decimal	Y	Stop loss trigger price
3040	StopLimitPx	Decimal	Y	Limit order price if stop loss triggers

Price Rules

• Sell TPSL: Price must be > StopPx and StopPx must be > StopLimitPx
• Buy TPSL: Price must be < StopPx and StopPx must be < StopLimitPx

Caveats

• Only GTC and GTD are supported for TimeInForce
• Like Stop orders, TPSL orders cannot be modified.
• The Post-Only tag is not supported. It cannot be populated or must be false.

Samples

TPSL Sell Order

This TPSL sell order for BTC-USD places a live sell limit order at price 9785:

Side=2|Price=9785|StopLimitPx=8245|StopPx=8500

• If the price falls below 8500 and no part of this limit order has been filled, it will be repriced from 9785 to 8245.
• If this limit order is filled or partially filled at 9785, then it will never be repriced.

This differs from regular stop orders where a stop order is NOT live until the price is traded through the StopPx.

Message Flow

TPSL Order Example

-> OrdType=O|Side=2|Price=9785|StopLimitPx=8245|StopPx=8500...

Execution Report Example

<- MsgType=8|OrdType=O|Side=2|Price=9785|StopLimitPx=8245|StopPx=8500...