Take Profit Options Explained

[Catigger25]

Can you explain how the following are calculated for Take Profit:

% of the price
Custom (price level)
Custom (pips) - What is the difference from Fixed Pips?
Custom (price fraction) - isn't this the same as % of the price?

Thank you.

[l'andorrà]

@catigger25

1. Percentatge of price means that if you select 10% and price is now 1.0000, you TP will be 1.1000. That means 10% of 1.0000.
2. Custom (price level) means you specify the price level: for example 1.2365.
3. Custom (pips) is exactly the same as fixed pips but with different words.
4. Custom (proce fraction) means you will use a indicator's value as your TP price.

[biztet]

2. Custom (price level) means you specify the price level: for example 1.2365.

Price can also be specified using lines in custom indicators like fibo/SnR.

[fideld003]

Nice info.