Take Profit: An automatic order to fully or partially close the position at a pre-set price with an acceptable profit.

The Take Profit exit strategy is designed to cash-out to protect the trader from future price fluctuations and secure the profit.

Take Profit Order is filled if a trader sets a trigger price better than the price of the position. There are Take Profit Market and Take Profit Limit orders currently available on BTCMEX. Learn about Order Types in the BTCMEX official Trading Guide.

Take Profit Market Order is a type of Conditional Orders, that is placed in the order book at a pre-set trigger price and is aimed to close a position at a pre-set price with a profit that meets the views of a trader.

The trigger price for a Long position must be set at a price higher than the Last Traded Price. And in the opposite way, the trigger price for a Short position must be set at a price lower than the Last Traded Price.

Take Profit Limit Order is an alternative to a Take Profit Market Order, which allows traders to open and close a position at a favorable price.

By choosing this type of order traders can set both Limit Price and Stop Price, where the Limit Price is a trigger to open a position and the Stop Price is a trigger to close a position with a manageable profit.

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