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Take Profit

Written by Team cleo.finance
April 5, 2023

In this section of the guide, you will find;
What is Take Profit?
How to set your Take Profits?
How are the parameters calculated?
The warning messages and their explanations.

A take-profit order is a trading strategy that specifies a certain price level above the purchase price, which is chosen by the trader.

If the price of a security reaches that level, it will automatically trigger a close of the position. If the price does not reach that level, then the order will not be acted on.

On Cleo Trading Platform, you are able to set more than one Take Profits.

Cleo.finance protections settings in basic and advanced mode

There are two modes available Basic mode and Advance mode as we mentioned in the Asset Management section.
  • In the Basic Mode, you will be able to select which data input you want to set your Take Profit.
Take Profit basic mode cleo.finance
  • 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.
Adding multiple take profits cleo.finance

Calculation of data inputs on Take Profit

showing-the-TP-calculations
The market price is being calculated as:</p> <p><strong>Current Market Price*(1+(PnL/Position Size)</strong>
The PnL/Position size is calculated as;</p> <p><strong>PnL/(Position size*Quantity)</strong>
PnL is calculated as;</p> <p><strong>PnL=(Position Size*Quantity)*PnL/Position Size</strong>
<strong>PnL/Available</strong>, this input basically shows your PnL on your Take Profit in terms of percentage to your available balance.
Here in this row, you can see the sum of PnL and PnL/Available Balance for multiple Take Profits.

Check out this article to learn more about the common errors you might be receiving.

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