Setting up exit strategies
The exit strategy in the terminal is used to automatically place Stop Loss, Take Profit, Trailing orders and move the stop loss order to breakeven.
Last updated
The exit strategy in the terminal is used to automatically place Stop Loss, Take Profit, Trailing orders and move the stop loss order to breakeven.
Last updated
The exit strategy is available in the trading module of the DOM and Chart windows. To open the exit strategy settings, click on the icon in the Trading module of the corresponding window.
In order to select an exit strategy for all symbols that are opened in a certain window, you must activate the checkbox in the menu "Settings" - "General settings" - "Remember the selected exit strategy".
To select the exit strategy for each symbol separately, the checkbox must be deactivated.
| Name | Description |
|---|---|
Name | The field in which the name of the exit strategy is assigned. |
Link to instrument | Option to link the strategy to a specific instrument. It will be displayed in the list of strategies only with this active instrument. |
Take Profit | The option enables/disables automatic placement of Take Profit after entering a position. Available setting options: instrument price step and % of instrument price step. |
Trailing | The option sets the range for Take Profit or Stop Loss, depending on the position of the option in the options window. Orders with the trailing option in the Tiger.Trade terminal are always local: they will not be executed if the terminal is closed. Available setting options: instrument price step and % of instrument price step. |
Stop Loss | This option enables/disables automatic Stop Loss after entering a position. Available setting options: instrument price step and % of instrument price step. |
Breakeven | An option indicating the value of the current profit received, at which the terminal will move the Stop Loss to breakeven. Available setting options: instrument price step and % of instrument price step. |
Plus | The option sets the offset that is added to the moved Stop Loss to Breakeven with a plus. Available setting options: instrument price step and % of instrument price step. |
In order for the stop-loss and take-profit orders of the exit strategy to be set depending on the weighted average price of the position, it is necessary to activate the Dynamic SL/TP item in the Settings - General Settings menu.
In order for stop-loss and take-profit orders not to change after the change in the weighted average price, but to be placed only once, you must turn off the above item.
