Target Profit Calculation Example
Example 1:
Assume the trade is a long trade, the high of the entry bar is 10, and the profit target percent is 20.
10 + (10 * (20 * .01)) = 12
If at any time during the trade prices hit 12, the trade would be exited.
Example 2:
Assume the trade is a short trade, the low of the entry bar is 10, and the profit target percent is 20.
10 - (10 * (20 * .01)) = 8
If at any time during the trade prices hit 8, the trade would be exited.