How does TakeProfitPercent work?

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.

⚙️ 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.

⚖️ Why It Matters

  1. Locks in profits automatically, reducing the risk of reversals eating gains.
  2. Provides discipline in trading, avoiding emotional exits.
  3. Applicable to all trade types, ensuring consistent profit-taking.

🚀 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.

📎 Related Topics