Exit Strategies
Last updated
Last updated
Padre auto Exit Strategies enable users to automate trade exits based on predefined conditions. This feature offers flexibility, allowing you to manage exits based on profit and loss thresholds.
It's available for both Market Buy and Buy Dip Limit Orders - ideal for adapting to various trading strategies.
TP/SL (Take Profit/Stop Loss) Checkbox:
Enable this to activate the Take Profit and Stop Loss settings, allowing for automated exit points.
Once you place a market or limit buy with this checkbox enabled, the exit strategy values you set will be implemented.
TP Price (Take Profit):
Input your desired Take Profit percentage target here (e.g., +150%). If the asset reaches this profit level, the system will automatically execute an exit to secure your gains.
SL Price (Stop Loss):
Set your Stop Loss percentage threshold here (e.g., -20%). This exit will trigger automatically to limit losses if the asset's price decreases by the specified amount.