Partial Close

using partial take profit targets is another great strategy that helps to balance the risk and reward in trading here's how this would look tp1 (20 pips) when the price moves in your favor and hits the first tp (20 pips), you could close a portion of your position to lock in some profit, say 25% of your position, and move your stop loss to the entry point (breakeven) tp2 (40 pips) if the price continues to move in your favor and hits tp2 (40 pips), you could close another portion of your position, say another 25% at this point, you could consider setting a trailing stop loss at 20 pips tp3 (60 pips) if the price hits tp3 (60 pips), you could close another portion of your position, say another 25% your trailing stop would automatically move up to 40 pips above your entry point as the market moves tp4 (80 pips) if the price finally hits tp4 (80 pips), you could close the remaining portion of your position, taking the final profit if the price reverses before hitting tp4 and hits your trailing stop, you'd still secure a decent amount of profit the partial take profits feature allows you to secure profits at various stages of a trade by automatically closing a portion of your position when certain predefined levels are reached there are two types of partial close methods available classic partial close and smart partial close below is a detailed explanation of how each method works, along with examples 1\ classic partial close the classic partial close method allows you to set partial take profit levels based on a fixed distance from the trade’s opening price (e g , in pips) when the price reaches these levels, a percentage of the position is closed example setup calculation type classical partial profit (based on tp) partial close levels level 1 distance from open 20 pips | close percentage 30% level 2 distance from open 40 pips | close percentage 50% how it works as soon as the price moves 20 pips in your favor, 30% of your position will be closed, securing a portion of your profit when the price reaches 40 pips, an additional 50% of your remaining position will be closed the remaining 20% of your position will continue running, allowing you to capitalize on further price movement if the trend continues example scenario you open a trade with a position size of 1 lot at 20 pips, 0 3 lots ( 30 % from initial position) are closed at 40 pips, another 0 5 lots (50% from initial position) are closed 0 2 lots remain in the market to capture further gains 2\ smart partial close the smart partial close method automatically sets partial take profit levels based on predefined risk reward ratios or percentage increments relative to the total trade it’s designed to dynamically adjust to your trading strategy, allowing for more flexibility example setup calculation type smart partial profit (based on rr) close position at tp 1 30% tp 2 40% tp 3 10% how it works the platform calculates three equidistant levels for taking partial profits, distributing them proportionally based on your chosen percentages once the first level is reached, 30% of the initial position is closed when the second level is hit, 40% of the initial position is closed when the third level is hit, 10% of the initial position is closed 20% remain in the market to capture further gains example scenario you open a trade with a position size of 1 lot and final tp is 80 pips at tp 1 (20 pips), 0 3 lots are closed at tp 2 (40 pips), 0 4 lots are closed at tp 3 (60 pips), 0 1 lots are closed 0 2 lots remain in the market for further potential gains ( 80 pips)