A Take Profit (TP) is an automated order that closes your position once the market reaches your chosen price target. It’s designed to help you lock in gains without needing to monitor the market 24/7.
Take Profits are available on the Margin Platform and can be added when opening a trade or afterwards by editing your active position.
🎯 Why Use Take Profit?
Setting a TP gives your trading plan structure and reduces emotional decision-making. It helps you:
Secure profits at a predefined level
Automate your exit strategy
Trade more efficiently
Avoid missing your price target during volatile hours or while you’re offline
📈 Example of a Take Profit
If you bought QNT at €100 and want to sell when the price reaches €110, you can set a Limit Sell Order at €110.
Once the market hits your target price:
Your position closes automatically
Your profit is locked in
You don’t need to manually intervene
Your Limit Order appears in the order book as soon as it's set, which means other traders can see your intended exit price.
🧭 How to Set a Take Profit on the Margin Platform
Follow these steps on the Margin Platform:
Go to the Margin Platform.
Open your active position.
Click Edit.
Select Change TP/SL.
Enter your desired Take Profit price.
Save your settings.
Once saved, your TP will trigger automatically when the market reaches your target.
📝 Key Points to Remember
A Take Profit (TP) is used to automatically close your position at a higher target price.
It helps you execute your strategy without needing to stay glued to the charts.
In Margin Trading, creating a new Limit or Stop order always opens a new position, even if you already have one for the same trading pair.
You can be long and short simultaneously on the same pair in Margin Trading.
TP can be set while opening a trade or added afterward.
FAQs
💡 Can I set a Take Profit after opening my position?
Yes! You can add or update your TP anytime by selecting Edit → Change TP/SL on your open position.
📊 Does my TP always execute at the exact price I set?
Most of the time, yes — but during high volatility or low liquidity, slippage may occur, causing a slight difference in execution price.
⚙️ Can I remove or modify my Take Profit?
Absolutely. You can adjust or cancel your TP at any time from your position’s settings.
🔁 Will setting a TP open a new position?
If you add it through your position’s Change TP/SL menu, it will not open a new position. However, placing a separate Limit Order on the Margin Platform will open a new one.
🧠 Is it better to always use a Take Profit?
While not required, many traders prefer using a TP to avoid emotional decisions and to stick to a consistent strategy.