> For the complete documentation index, see [llms.txt](https://docs.finandy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.finandy.com/algo-trading/signals-tradingview/interface/take-profit.md).

# Take Profit (TP)

TP module creates one or more Take Profit orders automatically.

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/2095abb0-3398-4b67-9c72-c00c869676ee/image.png" alt="" width="375"><figcaption></figcaption></figure>

You can preview and move the Take Profit on the chart when creating a position.

{% embed url="<https://www.youtube.com/watch?v=My3wiAEWGFo>" %}

The Take-Profit (TP) tab settings are presented below:

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/270c471b-4018-4a21-8365-e521a2abaeaa/image.png" alt="" width="563"><figcaption></figcaption></figure>

## 1. Enabled

Enabling this feature automatically adds one or more Take Profit orders upon opening a position.

## 2. Order type

{% content-ref url="/pages/cXejv4wxUqKYElCKBe9d" %}
[Order types](/trading/create-order-grid/order-types.md)
{% endcontent-ref %}

## 3. Number of orders

User sets the number of Take Profit orders.

Combining the **SLX** module with multiple TP orders can optimize profits while adjusting **Stop Loss** based on **executed TP's**.

{% content-ref url="/pages/3pN2oWUzpeyFdtWx9LGv" %}
[Trailing (SLX)](/algo-trading/signals-tradingview/interface/trailing.md)
{% endcontent-ref %}

## **4.** Price offset/ fixed price

* **Price offset, %.**\
  Take profits will be placed at a distance specified in % from the position price.
* **Fixed Price**\
  Take profits will be placed at specified prices.

## 5. Order price or price offset in %

Fixed price or % offset for Take Profit determined by choice in item 4.

## 6. Order distribution by token number as %

Token quantities are evenly distributed by default.

## 7. Level reordering

* #### ✅ Enabled

  After averaging, **TP** orders will be cancelled and new ones will be created with an increased quantity at the same distance as before averaging.
* ‌🚫 Disabled

  After averaging, **TP** will be canceled and new TP orders will be created with an increased quantity at the same price as before averaging.

### TP reordering example:

1. A **Long** position had one **TP** order at **+1%** level from its price, prior to averaging.
2. After averaging, the position price dropped, and **TP** distance increased by **3%.**
3. The system cancels previous **TP** order and creates a new one with an increased quantity, bringing the distance to position level back to **+1%**, as before averaging.

## 8. Updating settings by signal

{% content-ref url="/pages/P2XfvhriT2A2epassia9" %}
[Update settings by signal](/algo-trading/signals-tradingview/update-settings-by-signal.md)
{% endcontent-ref %}

## 9. Controlling an option from a signal

{% content-ref url="/pages/OH8dyhZgmziplkK5VdCm" %}
[Controlling an option in the signal](/algo-trading/signals-tradingview/controlling-an-option-in-the-signal.md)
{% endcontent-ref %}

**Any questions? We can help in our Telegram chat room.**

{% embed url="<https://t.me/finandy>" %}