Set Target LossAllows you to place a target at X points / % / € / unit below the entry price of the position (in case of a buy order or above in case of a sellshort order), to limit your loosing position.
SET TARGET can be used with any of the LOSS variation, such as:
Set target ploss/%loss/$loss/loss X
Example:
Put the order takeprofit in loss at 10 points below the entry price (buy order case):
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SET TARGET PLOSS 10 |
What is difference between Set Stop Loss and Set target Loss ?