TP & SL Settings
Take-Profit
Take-Profit is a parameter that sets the profit level at which the bot will automatically close the position to fix profit.
TP Autoupdate
TP autoupdate is a parameter that automatically increases the Take-Profit value by the specified amount after the previous Take-Profit is triggered and restarts the bot to continue working with a new target profit level.
Example
Take-Profit = 10
TP autoupdate = 10
When Profit reaches 10, Take-Profit is triggered, and the position is closed, including all orders and their triggers.
The bot receives a new Take-Profit value of 20 and continues working.
Similarly, when Profit reaches 20, the bot will set a new Take-Profit value of 30, and so on.
Stop-Loss and Stop-Loss Trailing
Stop-Loss
Stop-Loss is a parameter that sets the loss level at which the bot will automatically close the position to prevent further losses.
This parameter must be set as a negative value.
A positive Stop-Loss value can be set for an already running bot. The Stop-Loss value must be lower than the Profit value.
Stop-Loss Trailing
Stop-Loss Trailing is an option that, when enabled, automatically moves the Stop-Loss level upward as Profit increases, helping protect accumulated profit.
The function includes two configuration options:
default
Works by following Profit by the amount specified in the Stop-Loss parameter.
Example:
| Profit (USDT) | 0 | 10 | 30 | 50 | 100 | 200 |
|---|---|---|---|---|---|---|
| Stop-Loss (USDT) | -100 | -90 | -70 | -50 | 0 | 100 |
% of Profit
Stop-Loss is set at the level specified by the user in the Percentage of profit field and automatically increases together with it by a percentage of Triggered Profit.
Triggered Profit is the profit value at which the Stop-Profit trailing function is activated.
Initial setup example:
- Percentage of profit = 25%
- Triggered Profit = 100 USDT
This means that trailing is activated when Profit = 100 USDT (Triggered Profit) and will then follow Profit at a distance of Percentage of profit = 25%.
Example:
| Profit (USDT) | 100 | 150 | 200 | 250 |
|---|---|---|---|---|
| Stop-Loss (USDT) | 25 | 37.5 | 50 | 75 |
Important: Triggered Profit cannot have a negative value.