Take Profit Settings⚙️

These advanced settings allow you to fine-tune the behavior of the dynamic Take Profit signals, giving you precise control over their sensitivity and timing. These settings are active when Show Take Profit Signals? is enabled.

• Timeframe ⏲️:

  • This sets the calculation timeframe for the Take Profit signals, allowing you to view momentum from a higher-level perspective.

  • Recommendation: For best results, set this to a timeframe that is 2x or 3x your current chart's timeframe. This helps to filter out market noise and provides a more stable, big-picture view.

  • Example: If you are trading on a 5-minute chart, selecting a 10/15-minute timeframe here can lead to more reliable Take Profit signals.

• Smoothing 🛠️:

  • This adjusts the smoothness of the internal momentum oscillator used for Take Profit signals.

  • Higher values increase the smoothing, resulting in fewer but potentially more significant exit signals.

  • Lower values decrease smoothing, making the signals more sensitive and frequent.

• Price Offset 💸:

  • This sets a minimum profit percentage that a trade must reach before any Take Profit signal can be generated.

  • This is an essential filter to prevent exit signals from appearing on trades that have not yet achieved a meaningful gain.

  • Example: A setting of 0.5 means a trade must be at least 0.5% in profit before a Take Profit signal will even be considered.

Recommended Usage:

• Utilize the Timeframe setting to base your exit signals on a more stable, higher-level trend.

• Increase the Smoothing value if you find you are getting too many minor or premature exit signals.

• Set the Price Offset to a level that aligns with your minimum profitability goals for any given trade.

Adjusting these settings helps to align your profit-taking strategy closely with your trading objectives, enhancing overall trading performance.