Fade out allows you to close a position in stages. You can allocate different stops and objectives to the futures which make up your position. The number of possibilities are unlimited.

In this example the trader has two futures contracts. He has allocated a different target price to each contract (green). Both contracts are protected by a single stop order (red).

In this example the trader bought two futures contracts separately. Each contract is enveloped by its own bracket order (target and stop).