TP Modes
Understand the different take-profit modes and when to use each.
Band Mode
LiteTakes profit when price reaches the upper/lower Bollinger Band.
Advantages
- ✓ Simple to understand
- ✓ Works well in ranging markets
- ✓ Automatic band calculation
Considerations
- • May exit too early in trending markets
- • Single exit point
Split Mode
LiteDivides the position into multiple parts and takes profit at predefined levels.
Advantages
- ✓ Reduces risk by taking partial profits
- ✓ Customizable TP levels
- ✓ Locks in profits progressively
Considerations
- • Requires more configuration
- • May leave profits on the table
Trailing Mode
ProUses a trailing stop to maximize profits in trending markets.
Advantages
- ✓ Captures extended moves
- ✓ Dynamic exit points
- ✓ Best for strong trends
Considerations
- • Pro subscription required
- • May give back profits in choppy markets
Position Mode
ProTakes profit based on weighted distribution across multiple levels.
Advantages
- ✓ Optimal profit distribution
- ✓ Adapts to market conditions
- ✓ Professional-grade execution
Considerations
- • Pro subscription required
- • More complex to configure
Which Mode Should I Use?
- Ranging Markets: Band Mode or Split Mode
- Trending Markets: Trailing Mode or Position Mode
- Beginners: Start with Split Mode for predictable exits
- Experienced Traders: Trailing Mode for maximum profit capture