The Take Profit rule locks in gains when price reaches a target measured from average entry.
Behavior
- Requires an open position
- Exit section only
- Supports full or partial exits via quantity mode
Default parameters
| Parameter | Default |
|---|---|
| type | percentage |
| value | 10 |
Partial exits
| exitQuantityMode | Effect |
|---|---|
| full | Close entire position |
| percentage | Close a % of position (exitQuantityValue) |
| quantity | Close fixed asset amount |
Tips
- Scale out with partial take profits while leaving runner size for trend rules.
- Pair with Incremental Scaling for layered entries and layered exits.
Example
Short average entry $50, type percentage, value 10 → full take profit near $55 for a long. For a partial exit, set exitQuantityMode percentage and exitQuantityValue 50 to close half at target and leave the rest for trend rules.