Did you know how to use 3 levels TP for maximum profit?
Why we offer 3 levels for Take Profit?
For partial close, exit from market gradually, to take maximum profits.
How to use 3 levels TP for maximum profit?
You could choose between many strategies for order management:
1. We have only one sold rule, after 20-40 pips close part or half of your order and move SL to breakeven (entry point).
2. After you close half order, let's say after 30 pips, then close the second half on TP1, and go out of market.
3. After close half order, you could close second half on TP2 or TP3.
4. If your account let you trade by 0.03 Lot, you could close every 0.01 on every TP level.
5. If you notice that market is highly volatile and price pass 3 TP levels easy, you could let your profits fly after you already booked some profits.
Conclusion: in Forex Market you can't take everything, choose your strategy and follow, all depends on your risk appetite.
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