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.