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cTrader has launched an advanced take profit feature across all of its trading applications, enabling traders to set up to five take profit levels on a single position, including via mobile devices.
The feature gives traders control over exit price, volume and timing at each level. When the market reaches a specified target, cTrader closes the defined portion of the position automatically and keeps the remainder open, allowing partial profits to be secured at multiple points during a trade without the need for manual monitoring or adjustment.
A trader might, for example, close part of a position at the first target, a larger portion at the second and leave the balance running, with each step configured in advance and executed automatically.
The feature is accessible from the "Place order", "Modify order" and "Position" screens, as well as directly from the chart. Traders can add, edit or remove levels at any point, whether placing a new order, managing an open position or updating a pending one if market conditions shift.
cTrader says the functionality is suited to a range of trading styles. For short-term traders, it allows precise exit points to be established ahead of fast market moves. For those holding positions over a longer period, targets can be spread over time to manage risk more gradually.
Alongside the advanced take profit feature, cTrader has introduced a break-even stop loss function. When the market moves sufficiently in the trader's favour, the stop loss shifts automatically to the break-even level, protecting the position without any manual adjustment. The additions sit alongside trailing stop loss and chart trading within cTrader's existing risk management toolkit, which the company develops under its Traders First™ approach.
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