TakeProfit — Take Profit Module

The TakeProfit object defines a take profit mechanism for trades, used to automatically exit a position when a gain threshold is achieved.

It is implemented in the take_profit.py file.

It takes into account the position type and calculates the profit level for long and short trades differently.

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Parameters

TakeProfit(
    percentage: float
)

• percentage (float):
  The minimum profit percentage needed to trigger a take profit exit (e.g., 0.05 for 5%).

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Description

• A Take Profit exits the position when the trade's price appreciates by a set percentage from the entry price.
• Helps lock in gains before a potential reversal.

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Example Usage

TakeProfit(
    percentage=5
)

This sets a take profit target at 5% above the entry price.