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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 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 change indication type, click 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>
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.
