In this section of the document, you will find;
What is Take Profit?
How to set your Take Profits?
How are the parameters calculated?
The warning messages and their explanations.
On Cleo Trading Platform, you are able to set more than one Take Profits.
- In the Basic Mode, you will be able to select which data input you want to set your Take Profit.
- In the Advanced Mode, you are allowed to see all 4 methods of data input at the same time.
When clicking the target icon on the parameters, it is set to be the main method of calculation. The remaining three options are only approximated and visualized for you.
Calculation of data inputs on Take Profit
Common Error Messages
The Quantity of all your Take Profit orders must equal 100%
The sum of your all take profits’ quantity should be equal to 100%. So that means if you have:
One take profit; then the quantity should be equal to 100%.
Two take profit; then the sum of Take Profit 1 and Take Profit 2 quantities should be equal to 100%. You can customize the quantities of each take profit via a slider or by just typing in numbers.
The Market Price cannot be less than
This basically means that you cannot set the market price of your take profit less than zero and it cannot be lower than the current market price.
The Market Price cannot be more than
This error message means that the market price you want to set for your take profit cannot be more than what your exchange account allows.
The initial Take Profit cannot be the same as current Market Price
In this error message, it means that the market price of your take profit and the current market price for the pair you want to trade cannot be the same.
The initial Take Profit cannot be lower than the Open Price
You will receive this error message when you set your market price lower than the initial market price when you are in a long position.
Let’s assume the current market price for BTC/USDT is 47,000 USDT so this means that you cannot set the market price for your take profit lower or equal to 47,000 USDTThe initial Take Profit cannot be higher than the Open Price
You will receive this error message when you set your market price higher than the initial market price when you are in a short position.
Let’s assume the current market price for BTC/USDT is 47,000 USDT so this means that you cannot set the market price for your take profit higher or equal to 47,000 USDTThe PnL of this Take Profit cannot be 0
You receive this message when you set your PnL and PnL/Available balance to 0.