Take Profit & Stop Loss
These settings define risk management rules for long (buy) and short (sell) trades by setting take profit (TP) and stop loss (SL) conditions.
TP (Take Profit) – Defines exit levels when a trade reaches a profit target. Options include:
Price – Closes the trade at a specific price.
Currency – Sets a profit target in a fixed currency amount.
Ticks – Uses a set number of ticks as a target.
Percent – Exits the trade when price moves a set percentage.
ATR (Average True Range) – Uses market volatility to determine the TP level.
SL (Stop Loss) – Defines exit levels to minimize losses. Options include:
Price, Currency, Ticks, Percent, ATR – Similar to TP settings.
Trailing Stop – Adjusts dynamically as price moves in favor of the trade, locking in profits while allowing room for price fluctuations.
These settings help optimize risk-to-reward ratios and protect trades from excessive losses.
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