Take Profit & Stop Loss

Every bot needs well-configured take profit (TP) and stop loss (SL) settings to manage risk and lock in gains.

Take Profit

fomoed offers two take profit modes:

Scale-Out (Multiple TPs)

Close your position in stages as the price moves in your favor:

• TP1 — Close a portion at the first target (e.g., 50% at +1.5%).
• TP2 — Close more at the second target (e.g., 30% at +3%).
• TP3 — Close the remainder at the final target (e.g., 20% at +5%).

Scale-out is recommended because it locks in partial profits early while letting the rest ride for larger gains.

Fixed TP

Close the entire position at a single percentage target. Simpler but less flexible.

Stop Loss

Protect your capital with these stop loss options:

Basic Stop Loss

Set a fixed percentage below your entry price. If the price hits this level, the position is closed to limit losses.

Advanced Options

• Move SL after TP1 — After the first take profit is hit, move the stop loss to a better level to protect remaining profits.
• Breakeven Stop — After TP1, move the stop loss to your entry price so the remaining position is risk-free.
• Trailing Stop — The stop loss follows the price upward by a fixed percentage. If the price reverses, the trailing stop triggers and locks in gains.