Profit Target: Difference between revisions
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[[Image:ProfitTargetOnChart.png|thumb|right|Profit Target order on the chart]] | [[Image:ProfitTargetOnChart.png|thumb|right|Profit Target order on the chart]] | ||
[[Image:ProfitTargetInDOM.png|thumb|right|Profit Target order in the DOM window]] | [[Image:ProfitTargetInDOM.png|thumb|right|Profit Target order in the DOM window]] | ||
A profit target is a limit order placed ahead of time to define how much profit must be attained before the position is closed and the profit is realized (i.e. contracts either bought or sold to reduce or close the position). | A profit target is a limit order placed ahead of time to define how much profit must be attained before the position is closed and the profit is realized (i.e. contracts either bought or sold to reduce or close the position). | ||
==Appearance== | |||
Profit Target Strategy is displayed as green marker on the chart connected to the order price label on the price scale with a dotted line and as green marker in the DOM window. | Profit Target Strategy is displayed as green marker on the chart connected to the order price label on the price scale with a dotted line and as green marker in the DOM window. | ||
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* Right-click on the Profit Target icon http://www.multicharts.com/img/wiki/strategies/29.png in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | * Right-click on the Profit Target icon http://www.multicharts.com/img/wiki/strategies/29.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: | To modify default Profit Target Parameters: | ||
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To save custom parameters, click '''Save'''. | To save custom parameters, click '''Save'''. | ||
==Auto Attach== | |||
Auto Attach Profit Target Exit Strategy to orders by one of the following methods: | Auto Attach Profit Target Exit Strategy to orders by one of the following methods: | ||
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To re-enable auto attach feature click '''Auto Apply'''. | To re-enable auto attach feature click '''Auto Apply'''. | ||
==Saving as Template== | |||
To save the parameters as a template: | To save the parameters as a template: |