Take profit percent: the last exit target of a short
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The take profit percent sets how many percent below the entry price the Snapback bot places the last profit-taking target of a short. If there are several take-profits, the intermediate ones are spaced evenly between the entry and this last target.
What it means in plain words
A short earns when the price falls. A take-profit is an automatic order to close part (or all) of the position when the price has dropped to a certain level. This setting defines how deep that drop must be for the farthest target.
Why it exists
Without a target, a trade would close only at the stop, which means always at a loss. A take-profit locks in the result before the price has time to turn around. For more on stops and targets, read stop loss and take profit on Binance futures.
How it works in the code
The levels, in percent below entry, are calculated as tp_pct x (i + 1) / n, where n is the number of take-profits and i runs from 0 to n-1. The last level is always the full tp_pct. The price of each take-profit is entry price x (1 - level / 100), rounded up to the exchange's price step (so the target gives slightly less than calculated, never more).
Illustration of the mechanism only, not advice: entry price 100, tp_pct 9, three take-profits. The levels are 3%, 6% and 9%, so the prices are 97, 94 and 91. With two take-profits they would be 4.5% and 9%, so 95.5 and 91.
Each take-profit is a conditional TAKE_PROFIT_MARKET order that triggers on the mark price. The share of the position for each target is set by the split. The last target closes everything that remains.
Allowed values and defaults
A number from 1 to 20 (percent), inclusive. In the wizard the step is 0.5. The code has no default, so a value must be set. The form starts at 9.
What happens if it is higher or lower
- Higher percentage: the target is farther away and is reached less often, and the take-profit prices move away from the entry. The price may reverse before the target is hit.
- Lower percentage: the target is closer and triggers more often, but each one earns less.
The take-profit percentage is a price move, not a return on your deposit: the real result depends on the share of the deposit and the leverage.
How it connects to other settings
- Number of take-profits and split: how many targets and what shares.
- Move the stop to breakeven: shifts the stop after the first or second take-profit.
- Stop-loss: the opposite boundary, above the entry.
Common mistakes
- Confusing a price percentage with a profit percentage: leverage magnifies the trade result relative to margin.
- Expecting the percentage you enter to be the first target: it is always the last one.
- Forgetting fees and slippage: the real exit can differ from the calculated one.
Where to find it in the bot wizard
The "New bot" or "Edit" form, the "Exit" block (caption "the percentage you set is the last target; the ones in between are spaced evenly"), the "Take profit, %" field.
Frequently asked questions
What is take profit in percent?
It is the distance down from the entry price to the last profit-taking target. For a short the target is below the entry, because a falling price brings the profit.
What is the take-profit percentage measured from?
From the entry price of the short, not from the signal price or the peak.
What range is allowed for take profit?
From 1% to 20%. In the wizard the field step is 0.5.
What does it mean that the percentage I enter is the last target?
If there are several take-profits, the percentage matches the farthest one, and the intermediate ones are spaced evenly between the entry and it.