Open Position

Select your desired trading pair and open a long/short position.

Step	Description
1. Choose your Order Type	Market Order Buying/selling immediately at the current market price Limit Order Buying/selling only when the market price reaches your specified target price not applicable to 500x, 750x, 1000x leverage
Enter the Collateral to be used	You can pay collateral by using any of the assets supported in MLP: vUSD, zkCRO
Set the desired Leverage	1-100x available to all traders trading pairs may have different max leverage 500x, 750x, 1000x unlock by staking 1000 $MLP see $MLP for more information
Set Take Profit/Stop Loss Orders (TP/SL)	Take Profit Closing a position automatically and realizing profits when the market price reaches a specified price level For Leverage <50x, the maximum level is 550% For Leverage >=50x, the maximum level is 350% Default is set to be 100% Stop Loss Closing a position automatically and minimizing losses when the market price reaches a specified price level TP/SL orders cannot be canceled once created. You can only edit the order.
Set the desired Slippage	Set the maximum discrepancy between the expected price of a trade and the price at which the trade is executed Not applicable to Limit Order
Pay Fees	Open Fee and Execution Fee are charged when opening positions Fees are deducted from your wallet together with the collateral There is no Open Fee for positions with 500x, 750x, 1000x Leverage See Fees for more information

Note that positions under the same trading pair will be created as individual positions upon each position creation. They will not be unified.

Once the maximum open interest (OI) is reached for Long and Short Positions respectively for a trading pair, opening position in that direction will be temporarily suspended. This helps to

• prevent excessive losses in MLP in case of adverse market movements

• maintain market stability by preventing the accumulation of disproportionately large positions that could impact market dynamics