A Take Profit order is used to lock in profits by automatically closing a trade when the market reaches a specific, favorable price level.
You can set a Take Profit:
When placing a new order
By modifying an existing position
Along with a pending order
📍 Where to place a Take Profit:
For Buy positions: Set the Take Profit above the current market price
For Sell positions: Set the Take Profit below the current market price
⚙️ How Take Profit orders are executed:
Take Profit is a Limit order, which means:
It uses Limit Execution: you receive the exact price you set or better
You will never receive a worse price than your Take Profit level
If a better price is available at the time of execution, Atmexx will give you the most favorable price
🔄 Price Triggers:
For Buy (long) positions: the Take Profit triggers when the Bid price reaches your target
For Sell (short) positions: it triggers when the Ask price hits your target
Take Profit orders are an essential part of any trading strategy, allowing you to secure gains without having to monitor the market constantly.