TakeProfitPercent defines a profit target threshold at which a trade is automatically closed. It ensures that gains are locked in once a position reaches a specified level.
โ๏ธ How It Works
- Example Configuration:
TakeProfitPercent: 50.0
Meaning:
- If the trade achieves a 50% gain relative to the entry price, the system automatically closes it.
- This applies system-wide, regardless of whether the trade is manual, auto-trade, or DCA-enabled.
Use Cases:
- Long-term positions
- Highly volatile markets
- Swing or trend-following strategies
Independent Enforcement:
- Works alongside Smart TP or dynamic trailing mechanisms, providing a hard exit to secure profits.
โ๏ธ Why It Matters
- Locks in profits automatically, reducing the risk of reversals eating gains.
- Provides discipline in trading, avoiding emotional exits.
- Applicable to all trade types, ensuring consistent profit-taking.
๐ Summary
- TakeProfitPercent = Hard profit target for a trade.
- Automatically closes trades once the target gain is reached.
- Useful for long-term, volatile, or swing trades, and complements trailing or smart TP strategies.