Profit Target(s)
In this section we can define our Profit Targets. How we can customize them to be set exactly where we need. All orders entered with the Predator will share the same order management selected here. That goes for both, your manual and Auto entries.
Note that in order to enter a trade, atleast one profit target must be checked. If you wish to enter a trade but have NO profit target. Simply check the “Target Enabled” box and select ‘No_Profit’ from the drop down. (See video below)
We can select up to 4 different profit targets with the Predator. Each can have a different style and a different position size.
Tick_Profit:
⤷ Sets your target based on X number of ticks from your Entry price.
RR_Profit:
⤷ Your profit target is calculated based on the distance between your entry and stop price. It will multiply this number by your RR Target and set your target based on that distance.
⤷ Example: 1RR = 1:1, 2RR = 2:1
⤷ It will help maintain consitent RR on every trade.
ATR_Profit:
⤷ Takes current ATR value and multiplies it by the multiplier. Sets your profit target to this distance from the entry price.
Percent_Profit:
⤷ Sets your Profit Target at a Percentage of the Current Price at the time of entry
No_Profit:
⤷ The target must be selected in order to enter with that QTY
⤷ Select NO PROFIT from the drop down list with target selected. This will prevent the profit target from showing up when you enter a trade