Take Profit

Discussion in 'Documentation' started by Support, Nov 18, 2020.

  1. Support

    Support Administrator
    Staff Member

    Joined:
    Dec 10, 2016
    Messages:
    59
    Likes Received:
    0
    Simple Take Profit

    Take profit allows you to fix the profit on a trade. As soon as the price reaches the set take-profit, a limit order will be placed at the price at which the take-profit is set. Take profit is indicated by a marker Маркер тейк-профита.jpg . Take profit is stored locally in the TigerTrade terminal and will not be executed if there is no Internet connection.

    1.jpg
    In order for the take profit to work even when the terminal is closed or there is a sudden absence of the Internet, it is necessary in the main menu in the Settings - Basic settings tab in the Trading section to enable the Server take profit option.

    srv_SL_settings.png
    To set up automatic placement of take profit, in the order book, select параметры.png Settings and options - шестерёнка.png DOM parameters. In the window that opens, on the Trading tab in the Take profit section, enter the take profit value in the Size field (in price steps, not in points). When you open a position, take profit will be automatically set.

    If you want to automatically place a trailing take, then additionally enter the indent size in the Trailing range field (in price steps, not in points).

    The Take Profit Offset field sets the maximum slippage when triggered. That is, as soon as the price reaches the take profit marker Маркер тейк-профита.jpg ,the position will be closed by the market, but the market order will be sent to close the position with the specified maximum slippage. If the condition is not met, after the specified slippage value (in price steps, not in points), a limit order will be placed to close and the position will not be closed until the price returns to this limit order.

    2.png

    Take profit can be set manually after entering a position. There are two ways to do this:
    1. In the DOM menu, click тейк.png Set take-profit, move the cursor to the level of the desired price and press the left mouse button to fix the take-profit. To cancel setting take profit, right-click. To remove the set take profit, you need to release the button тейк.png Set take-profit
    2. Use the pre-set hotkey by holding it down on the keyboard and clicking the left mouse button on the price in the order book, where you want to place a take profit. The hotkey is assigned through the main menu in the Settings - Hotkeys tab in the DOM section in the Hotkeys item.
    3.png

    The set take profit can be moved with the mouse. To do this, move the cursor over the marker Маркер тейк-профита.jpg , press the left mouse button and, without releasing it, drag the marker to the desired location. Release the left mouse button.

    Take profit can be converted into a trailing take by double-clicking the left mouse button on the marker Маркер тейк-профита.jpg .

    Trailing Take

    Trailing take, unlike simple take profit, begins to move in the direction of the open position when the price touches the marker Маркер трейллинг-тейка.jpg .

    [ 4.jpg

    As soon as the price touches the marker Маркер трейл тейка.jpg the indent marker will change from Маркер трейллинг-тейка.jpg to Маркер трейллинг-тейка сработавшего.jpg . This means that the stop loss is active. If the price approaches it, the position will be closed.

    5.jpg
    The indent size can be changed by moving the marker with the mouse Маркер трейллинг-тейка.jpg или Маркер трейллинг-тейка сработавшего.jpg .

    Stop loss for trailing take can be manually activated by double-clicking the left mouse button on the marker Маркер тейк-профита.jpg or deactivate by double-clicking the left mouse button on the marker Маркер трейллинг-тейка сработавшего.jpg .

    A trailing take can be turned into a simple take profit by double-clicking the left mouse button on the marker Маркер тейк-профита.jpg .

    Take profit settings take into account the selected price compression for the order book, when the price scale in the order book is changed, in proportion to the changed scale. That is, for example, if the take profit is set to 100 points in the settings, while the glass is compressed 5 times, then the take profit will be equal to 100x5 = 500 points.

    price_scale.png