How does it work?
The bot handles trades with specific logic when certain conditions are met before the entry is executed.
When the Price Reaches the Take Profit price or the Stop Loss price, Before any Entry target is achieved, the bot will handle the trade will a specific logic:
If a trade is opened while the price is below the first take profit price (by more than 0.5%) and the price reaches the take profit before any entry is fulfilled, the bot will automatically close the trade.
However, if the trade is opened when the price is above the first take profit level or within 0.5% below it, the bot will treat it as a potential future trade and will not close it.
In Breakout Trades:
If the stop-loss price is reached before any entry is fulfilled, the bot will close the trade.
How to set the Close Trade On TP Before Entry feature?
Manual Trades:
When creating trades manually, you have the flexibility to enable or disable this feature based on your preferences.
Where to find it?
Web Dashboard > Trading Terminal > General > Advanced > 'Cancel on TP Reached'
Automated Trades - Signals bots:
To set your default behavior for your automated trades created by your signals bots, navigate to your bots page and edit:
Web Dashboard > Signals Bots > My Bots > Create or Edit a bot > Advanced Settings > Advanced > 'Close Trade On TP Before Entry'*Note: By default, this setting will be taken from the signal's configuration (the default setting is 'Channel'). If you prefer to use your personal settings, make sure to switch it to 'On'.
Semi-Automated Trades - One Click Follow:
To choose the default behavior for trades created by the One-Click Follow button, make sure to set the desired configuration on your default signals bot.