Explanation of GMX Take Profit and Stop Loss Rules

After creating a trigger order, it will appear in your position's row, and under the "Orders" tab, you can edit the order and change the trigger price if needed. If you close a position manually, the associated trigger orders will remain open, you would need to cancel them manually if you do not want the order to be active when opening future positions. Note that orders are not guaranteed to execute, this can occur in a few situations including but not exclusive to:

※The mark price which is an aggregate of exchange prices did not reach the specified price

※The specified price was reached but not long enough for it to be executed

※No keeper picked up the order for execution

Additionally, trigger orders are market orders and are not guaranteed to execute at the trigger price.