Target Stop Loss TP1 TP2 SL

A Doctrine on Targets and Exits

In this section, in its most summarized form, you manually set your SL (Stop Loss) and TP (Take Profit) levels. Additionally, in the section price move, you can instantly see how much the price actually needs to move to reach these TP and SL prices, including the effect of leverage.

You hear these stories a lot. It is the most common tale in the graveyard of failed traders, the familiar, bitter lament: “this position was even $1000 in profit, I didn't take it, and I got stopped out.” These are not stories of bad luck. They are the predictable tragedies of a warrior charging into battle with no exit plan.

The professional is different. In this section, you will define your battle plan before the first shot is fired. You will manually enter the price for your Take Profit 1 (TP1) and your Stop Loss (SL).

Let's be clear about their functions. Your SL determines the money you are willing to lose in this trade. It is your pre declared point of retreat, a non negotiable acceptance that your thesis was wrong. Your TP1 is your first objective. Once you set it, the system automatically calculates your second objective, TP2, placing it at a percentage distance from your entry that is twice as far as TP1.

Now, witness the automated discipline that executes when your first objective is met. The moment the price touches TP1, a flawless, three part maneuver begins: half the position is closed, the entry price is set as the stop price, and the new TP is placed as TP2. This sequence is absolute. It takes profit, it eliminates risk on the remaining position, and it aims for a greater victory, all without the fatal interference of human greed or fear.

This is where the system’s core philosophy becomes clear. The difference between autotrade and manual trade is this: you can open a manual trade and keep it open forever. But autotrade does not behave this way. It remains in a position only as long as the signal that birthed it remains valid for the chosen timeframe. Let's say you entered a trade with a daily signal and no new signal came, even if 20 days pass, it’s no problem, it sits in the position.

When choosing your targets, you must respect the nature of the battlefield. Even in BTC, 5% moves are very normal. You will be trading an asset that can rise and fall 10% very quickly, so your TP and SL should be chosen accordingly.

This manual declaration of your lines in the sand is a powerful strategy. But it is not the only way. As will be explained in the Dynamic SL/TP (MEF-AI) section, if you want these things to be done by considering ATR, swing fib, swing zones, and liquidity, we have another option, and it is explained in the sections ahead.

New Feature Added (V3 update)

A new feature has been added to this section. As seen in the visual, you can use this setting to select how much of the position to close when it reaches TP1.

This setting defaults to half of the position 50%. In the event of an unexpected database or network error, it will also default to 50% when sent to the exchange. However, outside of these situations, you select the percentage of the position to be closed.

When a position hits TP1, its Stop Loss price is changed to the entry price, and a TP2 Take Profit 2 price is placed at twice the percentage distance.