Take Profit Settings⚙️
Last updated
Last updated
The Take Profit Settings section in Infinity Algo enables traders to fine-tune exit signals, ensuring optimal profit-taking based on specific trading conditions and preferences.
Timeframe ⏲️:
Adjusts the timeframe used for calculating take profit signals.
Recommended practice is to select a timeframe double or triple your current chart timeframe for clearer signals.
Example: If trading on a 5-minute chart, using a 10-minute or 15-minute timeframe helps filter out minor fluctuations and reduces false take profit signals.
Smoothing 🛠️:
Controls the overall sensitivity of take profit signals.
Higher values increase signal smoothing, reducing noise and producing fewer, but potentially more reliable, signals.
Lower values decrease smoothing, creating more frequent and sensitive signals.
Price Offset 💸:
Defines the minimum percentage profit required for a take profit signal to trigger.
Example: Setting the Price Offset to "1" means take profit signals will only appear when the trade has at least 1% profit, effectively filtering out minimal or premature profit signals.
Utilize longer timeframes to improve signal accuracy and avoid reacting to short-term market noise.
Increase smoothing for fewer, more reliable signals, especially useful in volatile markets.
Use the Price Offset setting to ensure your take profit signals are meaningful, aligning with your profitability goals.
Adjusting these settings helps to align your profit-taking strategy closely with your trading objectives, enhancing overall trading performance.
