Take Profit

Set or update take profit orders for one or more trades to lock in profits automatically when the market reaches your target price. The Take Profit rule supports multiple calculation methods and includes advanced features such as chasing (dynamic profit targets that move with favourable price action), silent orders, and a scale out calculator for tiered profit-taking across multiple positions.

How It Works

The Take Profit rule accepts a list of trade IDs and applies a take profit order to each one. When the market reaches the target price, the position is automatically closed and the gains are realised. You choose the method for calculating the take profit price based on your strategy's objectives. The available calculation methods are:

• Price — Sets the take profit at a specific, absolute price level that you define.
• Pips — Sets the take profit a specified number of pips away from the trade's entry price.
• Breakeven — For trades that are currently at a loss, sets the take profit at the entry price. For profitable trades, closes them immediately to realise the current gain.
• Amount — Sets the take profit at a price that will realise a specific monetary profit amount.
• Distance Pips — Sets the take profit a specified number of pips away from the current market price, rather than the entry price.
• Distance Amount — Sets the take profit at a price that will realise a specific monetary profit, calculated from the current market price.

The Chasing option creates a dynamic take profit that moves with the market when price action is favourable. If the market moves beyond your original target in a profitable direction, the chasing take profit will follow, allowing you to capture more profit than originally planned during strong trends.

The Silent option keeps the take profit order on the system side rather than sending it to the broker. The system monitors the market and only places the closing order when the target price is reached. This hides your profit target from the market.

The Scale Out Calculator enables tiered profit-taking across multiple trades. The first trade's take profit is set according to the main configuration, and subsequent trades receive take profits calculated by the specified formula. This is useful for strategies that take partial profits at multiple levels as a position matures.

Inputs

Input	Description	Required	Default
Trade Id(s)	A list of trade IDs for which to set or update the take profit. Connect this to the output of a Place Trades or Place Trade with Risk rule.	Yes	—
Type	The method used to determine the take profit price. Available values: Price, Pips, Breakeven, Amount, Distance Pips, Distance Amount.	Yes	—
Target Price	The absolute price for the take profit. Used when Type is set to Price.	No	—
Pips	The take profit distance in pips from the entry price. Used when Type is set to Pips.	No	—
Amount	The monetary amount of profit to target. Used when Type is set to Amount.	No	—
Distance Pips	The take profit distance in pips from the current market price. Used when Type is set to Distance Pips.	No	—
Distance Amount	The monetary amount of profit to target, calculated from the current market price. Used when Type is set to Distance Amount.	No	—
Chasing	When enabled, the take profit order moves with the market if the market continues moving in a favourable direction, allowing you to capture extended trends.	No	—
Silent	When enabled, the take profit order is held by the system and not sent to the broker until the target price is reached.	No	false
Scale Out	When enabled, activates the Scale Out Calculator to set tiered take profits across multiple trades.	No	false

Scale Out Calculator

Input	Description	Required	Default
Sort By	The criteria for sorting trades before applying the scale out calculator. Available values: Created Time, Target Price.	No	—
Sort Direction	The direction for sorting trades. Available values: Ascending, Descending.	No	—
Calculator Type	The method used to calculate the take profit for subsequent trades. Available values: Multiply, Divide, Increment, Decrement.	No	—
Adjust By	The value used to adjust the take profit for each subsequent trade in the sequence.	No	—
Adjust After	The number of trades to process before the take profit adjustment begins.	No	—
Limits	Whether to enforce minimum and maximum constraints on the calculated take profit values.	No	—
Minimum	The minimum allowed take profit value when using the calculator.	No	—
Maximum	The maximum allowed take profit value when using the calculator.	No	—

Outputs

Output	Description	List
Updated Trade(s)	Details of the trades that were updated with a new take profit order. These can be passed to downstream rules for further processing.	Yes

Tips