Trailing Take Profit
Trailing Take Profit (TTP) is a dynamically changing Take Profit designed to maximize profit. TTP is most effective when the price moves strongly in the desired direction without significant corrections. To activate Trailing TP, enable the trail switch in the terminal and set the follow corridor as a percentage of the price.
Configuring Trailing Take Profit
The Trailing Take Profit mode is configured in Advanced mode when creating a Smart Trade or in the Smart Trade editing window in the web terminal. To configure Trailing Take Profit:
set the Take Profit level;
turn on the trail switch to activate Trailing Take Profit mode;
enter the percentage value for Trailing.
Setting an excessively high trailing percentage can reduce profit on a trade and, in some cases, lead to a loss.
Choosing a trailing value that helps capture maximum profit requires experience and a good understanding of the market situation. It is recommended to test TTP on a demo account first to become familiar with how it works.
In the trade list, active Trailing Take Profit is displayed in the progress bar in green.
Price movement chart
The example below shows a simulated price chart with the following parameters:
Take Profit = 3%, Trailing = 1%.
Assume a buy order is opened at point (1). When the Take Profit level is reached at point (2), trailing is activated. The trailing level then follows the price while it moves in the desired direction. When the upward move stops and the price starts to decline, the trailing level remains fixed. If the price falls by 1% or more from its local peak, the trade is closed.
The chart shows that trailing allows additional profit to be captured, equal to the segment between points (3) and (4).
It is important to note that two trailing functions cannot be active in the same trade at the same time. Therefore, when the TTP activation level is reached, the tool starts working as trailing for Stop Loss.
All Trailing tools configured in the terminal operate independently of the device connection, so open trades continue to be managed even when the device is offline.
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