Take Profit & Stop Loss
Users can set take profits and stop losses orders allowing a certain degree of money management in the backtest. Take profits and stop loss orders can be anabled from the FIXED TPS & SLS settings section.
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Take profits and stop losses orders might not be filled at the exact price set by the user.
TP/SL Options
Take profits and stop losses for specific orders can be enabled from the toggles present in their settings section. Take profits and stop losses can be set using various methods described below can be use:
| Option | Description |
|---|---|
| Price | Set the take profit/stop loss orders at the specified price |
| Currency | Set the take profit/stop loss orders a specified amount of currency away from the closing price preceeding the entry of a long/short order |
| % | Set the take profit/stop loss orders a specified percentage away from the closing price preceeding the entry of a long/short order |
| ATR | Set the take profit/stop loss orders N average true ranges away from the closing price preceeding the entry of a long/short order, where N is a specified multiplier |
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The average true range used to set take profits/stop losses orders make use of a period of 200 bars.