Take Profit & Stop Loss
Last updated
Last updated
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.
