Take Profit
Secure your profit
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 Licenses & Trading Methods
Supported License | Supported Trade Types |
Beginner license | Spot trading |
Simple licence | Margin trading |
Advanced license | Leverage trading |
Examples
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.
Order Execution On Activation
The order execution on activation is an optional feature that allows you to get into the position you which to exit later.
Execute X Order On Activation
Enable to execute an order after the Advanced Order is activated.
Order Template
The template used to execute the order.
Price
The price on which the start order is executed.
Market Settings
Name
Create a unique name for your bot.
Account
Select the account on which the bot should run.
Market
Select which market this bot should run on.
Leverage
Specify the leverage for the bot.
Current Price
The current price of the selected market.
Order Settings
Take Profit Price
The price on which the order will be triggered.
Direction
The direction of the order that will be placed when triggered.
Order Template
The template used to execute the order when triggered
Execution Price
The price on which the order is placed when triggered
Amount
The quantity of the order.
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