A Take Profit order is used to lock in any potential profit. When the take profit price has been reached an order will be executed to get out of the current position and lock in the profits. If the direction of the order is buy/close short the price needs fall below the take profit price. Conversely, when the direction is sell/close long the price needs to go above the take profit price before an order is executed.
Supported Trade Types
Current price: 6500 USD. Take profit price: 7000 USD. Direction: Sell. When the price goes above 7000 USD a sell order will be executed.
Current price: 7500 USD. Take profit price: 7000 USD. Direction: Buy. When the price goes below 7000 USD a buy order will be executed.
Current price: 7500 USD. Take profit price: 7000 USD. Direction: Close Short. When the price goes below 7000 USD a close short will be executed.
Current price: 6500 USD. Take profit price: 7000 USD. Direction: Close Long. When the price goes above 7000 USD a close long will be executed.
The order execution on activation is an optional feature that allows you to get into the position you which to exit later.
Enable to execute an order after the Advanced Order is activated.
The template used to execute the order.
The price on which the start order is executed.
Create a unique name for your bot.
Select the account on which the bot should run.
Select which market this bot should run on.
Specify the leverage for the bot.
The current price of the selected market.
The price on which the order will be triggered.
The direction of the order that will be placed when triggered.
The template used to execute the order when triggered
The price on which the order is placed when triggered
The quantity of the order.