Trailing Take Profit

What is a Trailing Take Profit Node?

• Trailing Take Profit nodes can be used to close a portion of the position or the entire position.
• Unlike The Take Profit Node, Trigger % in a Trailing Take Profit activates the trailing rather than instantly executing an exit order.

How a Trailing Take Profit Works

Below is an illustration of how a trailing take profit would follow the price in a Long trade after it's activation with a 1.5% Trailing % value.

• It uses the highest seen price (lowest seen for a Short Trade) to adjust where the closing order should be executed.
• On the candle with a red arrow underneath a closing order would've been executed

Example

In the below image, after the price reaches the target of 8% (Trigger %) of a favourable price change:

• The system creates a new target price Trailing % away from the price which was used to activate the trailing take profit.
• As soon as the price reverses back by Trailing %, the exit order for the pre-defined Exit % (40%) will be executed.