TP - Take profit

Parameter: tp

Type: decimals

Required: No

Description:

  • The take-profit level for the order.
  • If specified, the order will be closed automatically when the price reaches the take-profit level.
  • The value can be either a price or a percentage from the current price. The TpType in the MT5 connector determines how the take-profit level is interpreted.

Example:

JSON

{
    "tp": 1.1250
}

Note:

  • The take_profit parameter is optional. If not specified, no take-profit will be set.
  • If take_profit is specified, ensure that the TpType in the MT5 connector is set correctly.
  • For price-based take-profits, the price must be above the entry price for long positions and below the entry price for short positions.
  • Incorrect or missing take_profit values may result in unexpected behavior.