A Take Profit (TP) is a trading tool used to automatically close a position at a specific price level once the market moves in your favor. Its purpose is to secure your profits by transferring them to your available balance before the market reverses.
When the price reaches the level you've set and the desired profit has been achieved, the Take Profit is triggered and the position closes automatically.
Take Profit is required on all positions, except for non-leveraged BUY trades.
You can define your Take Profit based on a specific market price or a target profit amount in currency.
In most cases, the maximum Take Profit is 1,000% of your investment, plus or minus 1,000% of your current profit or loss (P&L). This means you can continue adjusting your TP level as your trade becomes more profitable.
You can modify your Take Profit setting anytime while your position is still open.
Note: Under normal market conditions, the Take Profit works as expected. However, during high market volatility, the exact price you've set may not be available. In such cases, your position will close at the next available rate — which could result in an even higher profit than expected.