Advanced Take Profit #
Advanced Take Profit feature allows users to automatically partially close positions depending on the profit level.
A user can control how much of the volume should be closed after reaching a certain number of pips of profit.
Example
Let’s assume we have one position of 50,000 BUY EURUSD with the entry price of 1.17096.
If EURUSD rate will move in our favor, according to the settings in the picture above, we will close 10,000 at 1.1720; 20,000 – at 1.17246; 10,000 – at 1.17396, and 10,000 of EURUSD (20% of the initial volume) will remain for us to close manually.
To enable the Advanced Take Profit, check the desired Take Profit boxes and specify the number of Pips and Quantity. When done, click Apply to save changes.
Advanced Stop Loss #
Move Stop Loss to Break Even option changes the regular Stop Loss settings when triggered.
While the Trailing Stop Loss feature readjusts the Stop Loss point each time the price moves at least one pip in your favor, the Advanced Stop Loss allows for more precise control over the movements of the Stop Loss point. Click the Move Stop Loss to Break Even checkbox to enable the feature.
Change the Trigger when gaining parameter to specify when the Stop Loss will move to the break-even point (entry price) – only if the market price moves 12 pips in our favor.
Note
The Move Stop Loss to Break Even and the Advanced Take Profit features work only when Bluedot is running and online.
The Server Take Profit and Server Stop Loss fields display the Stop Loss and Take Profit that will work even if your Bluedot app is closed or disconnected.
Click Apply to enable the Advanced Protection.
Once created, the Advanced Take Profit levels are easy to adjust directly in the respective symbol chart: ATP1, ATP2, etc.