# 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.

<figure><img src="https://3353728891-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1dlOGDREop4WMfLcctYT%2Fuploads%2FbTtApcqjtwfDq7CY8UrR%2Fimage.png?alt=media&#x26;token=f3efcb7a-0eea-41f6-b4e4-850639022420" alt=""><figcaption><p><strong>TAKE PROFIT (TP) &#x26; STOP LOSS (SL) SETTINGS</strong></p></figcaption></figure>

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* <mark style="color:$success;">**TP (Take Profit)**</mark> – 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.

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* <mark style="color:$danger;">**SL (Stop Loss)**</mark> – 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.

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These settings help optimize risk-to-reward ratios and protect trades from excessive losses.