Introduction

This article explains why Take Profit (TP), Stop Loss (SL), and Conditional Orders may trigger but fail to execute on Coinlocally Futures.

Why TP/SL orders may not execute

TP/SL orders can be set as Limit or Market orders.

Execution depends on market conditions and trigger types.

Common reasons

Trigger type mismatch:

• TP/SL may use Mark Price while you monitor LTP.
• If Mark Price doesn’t reach your stop price, the order won’t trigger.

Low liquidity:

• Market orders may partially fill or expire in illiquid markets.
• Limit orders may remain unfilled if price never reaches your limit.

Price gaps or volatility:

• Fast-moving markets may skip your limit price entirely.

Order quantity limits:

• Large market orders may exceed the Market Order Price Cap/Floor Ratio.

Why Stop-Limit orders trigger but don’t fill

A Stop-Limit order places a limit order after the stop price is reached. If the market moves past your limit price, the order remains unfilled.

Why Stop-Limit orders expire

Stop-Limit orders may expire when:

• You place a new closing order
• Margin checks fail
• The position is liquidated
• Reduce-only conditions are not met

Additional notes

• Market orders prioritize speed, not price.
• Limit orders prioritize price, not execution.
• Trigger type defaults to Mark Price.

Common Issues

• Using LTP as your reference while your order uses Mark Price.
• Setting Stop-Limit prices too close to market price.
• Illiquid trading pairs causing partial fills or expirations.

feeling lost?

If your TP/SL didn’t execute as expected, our support team can help analyze the order details.

Updated on: 01/13/2026