Target Profit

A target profit is always an exit condition. It is a price at which you wish to exit a trade, assuming the trade goes in your favor.


The calculation is performed as follows:


If it is a long trade, take the high of the bar you entered the trade on and multiply it by the desired profit target percent and add this value to the high of the entry bar. If it is a short trade, take the low of the bar you entered the trade on and multiply it by the desired profit target percent and subtract this value from the low of the entry bar.


Calculation Example


Testing Dialog Box


Reference: None