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Managed Take Profit
The managed take profit node features the definition of the phases that make up the management of the take profit target as the position develops.
Content
A take profit target bears an important role in your strategy, as it plays a crucial role in determining the risk/reward ratio of the trading opportunity that materialized, and upon which your strategy acted to take a position.
The foremost goal of trading is to increase your capital, and how you set your initial take profit target and manage it afterward determines how much you may increase your capital given a favorable price action.
Note: The system provides the same functionality for managing the take profit target as explained for the managed stop loss target, so please make sure you go through that section too.
Managed Take Profit Menu
The Managed Take Profit node has the following Node Menu items:
The Add Phase menu item has the following properties:
- action: Add UI Object
- label: Add Phase
- relatedUiObject: Phase
- actionFunction:
payload.executeAction
- actionProject: Visual-Scripting
- relatedUiObjectProject: Foundations
The Add Ask Portfolio Manager menu item has the following properties:
- action: Add UI Object
- label: Add Ask Portfolio Manager
- disableIfPropertyIsDefined: true
- propertyToCheckFor:
askPortfolioFormulaManager
- relatedUiObject: Ask Portfolio Formula Manager
- actionFunction:
payload.executeAction
- relatedUiObjectProject: Portfolio-Management
- actionProject: Visual-Scripting
The Delete menu item has the following properties:
- action: Delete UI Object
- actionProject: Visual-Scripting
- askConfirmation: true
- confirmationLabel: Confirm to Delete
- label: Delete
- iconPathOn: delete-entity
- iconPathOff: delete-entity
- actionFunction:
payload.executeAction
Tip: When a menu item is grayed out, it means that Managed Take Profit already has the required child type that the menu item may add, and only that child is allowed for that case.
Managed Take Profit Children
The Managed Take Profit node has the following childrenNodesProperties:
The Phases node property features the following properties:
- name: phases
- type: array
- childType: Phase
- autoAdd: true
The Ask Portfolio Formula Manager node property features the following properties:
- name:
askPortfolioFormulaManager
- type: node
- childType: Ask Portfolio Formula Manager
Managed Take Profit Attaching Rules
The following are the Node Attaching Rules that govern the attachment of Managed Take Profit with other nodes:
Compatible Types: