Entry, Take Profit and Stop Loss🎯
Last updated
Last updated
Infinity Algo provides detailed customization for your Entry, Take Profit (TP), and Stop Loss (SL) settings, enabling precise trade management directly on your chart.
When activated, this feature displays your Entry Price clearly marked with a dotted line on the chart, making it easier to monitor your trade entry point visually.
Infinity Algo supports up to 6 customizable TP levels, allowing for strategic profit-taking.
Your total position size must equal 100%.
Example:
If you use only one TP level, activate TP1 and set it to 100%.
If multiple TP levels are used, ensure the sum of percentages equals 100%.
Important: Incorrect setup (sum not equal to 100%) will trigger a warning dialog.
Long and Short TP:
Define different TP percentages specifically for Long (buy) and Short (sell) positions.
Show TP Prices:
When enabled, displays dashed lines representing TP levels and exact prices clearly marked on your chart.
Configure your SL separately for Long and Short positions.
Enter a custom percentage to determine your desired stop-loss point clearly.
Show Stop Loss (SL) Price:
Activates a dashed line on your chart showing the exact stop-loss price, visually indicating the maximum allowable loss.
Always ensure TP level percentages total 100% to avoid configuration errors.
Clearly define different TP and SL levels for Long and Short positions to effectively manage your risk-reward strategy.
By clearly defining Entry, TP, and SL levels, Infinity Algo assists in disciplined trade management and optimizes your profitability and risk management strategies.
