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<div style="background-color: #E3FBE5;">Note: Profit target values are based on the average entry price. Average Price in Order and position tracker window->Open positions tab can be more accurate than the entry price on the chart or in the DOM as it includes commission. In this case the Profit Target value is rounded up.</div>
Apply Profit Target Exit Strategy to an active order or open position by one of the following methods:
* Drag-and-drop the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] to an active order or open position '''on the chart'''; or:* Drag-and-drop the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] to an active order or open position on the '''[[Depth of market (DOM)|DOM window]]'''; or:
* Right-click on the active order or open position '''on the chart''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Profit Target'''.
* Right-click on the active order or open position on the '''[[Depth of market (DOM)|DOM window]]''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Profit Target'''.
* Right-click on the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''.
==Profit Target Parameters ==
To modify default Profit Target Parameters:
# Right-click the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] in the '''Exit Strategy''' menu to see the shortcut menu.
# Click '''Edit…'''
# Modify amount of profit in the '''Amount of Profit''' box.
'''Amount of Profit''' can be set as a fixed price or an offset indicated as ticks or %. * To change indication type, click set the Profit Target at a fixed price level:*# Click the '''N/A''' button [[File:N_A button.png]] to activate the price input field (if it is unavailable);*# Enter the price for a Profit Target order;* Click the '''Save''' button to save the settings. * To set the amount of Profit at a fixed offset:*# Click the '''N/A''' button [[File:N_A button.png]] to activate the offset input field (if it is unavailable); *# Click the '''Tick/Percent''' button [[File:Tick button.png]]/[[File:Percent button. png]]to select the offset type; *# Enter the offset value;*# Click the '''Save''' button to save the settings. <br><div style="background-color: #E3FBE5;">Note: In real-time trading Profit target values are based on the average entry price provided by the broker ((execution price + commission) / position size). Some brokers may not include the commission. If the price does not conform to the minimum price variation Profit Target value is rounded up.</div>
Click '''More Parameters >>''' to show '''Time In Force''' field (for more info see [[Chart Trading#Setting Time in Force|Time in Force]] section).
To save custom parameters, click '''Save'''.
==Auto Attach==
Auto Attach Profit Target Exit Strategy to orders by one of the following methods:
* Right-click the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] in the '''Exit Strategy''' menu to see the shortcut menu, the '''Auto Attach to Orders'''; or:* Double-click the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] in the '''Exit Strategy''' menu; or:
* Enable '''Auto Attach to Orders''' feature in the '''Place Strategy''' window when applying the strategy.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Profit Target icon http[[File://www.multicharts.com/img/wiki/strategies/29PT.png ]] in the '''Exit Strategy''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default '''Profit Target''' parameters.
