Take Profit and Stop Loss and Trailing
Take Profit
The fundamental goal of a bot is to increase balance from originally allocated fund by placing a series of orders, so the take-profit setting as a percentage will take previous order's price ( or predefined price ) as the base price and monitor to see if current market reaches the criteria and take the profit accordingly.
Stop Loss
Similar to take profit, the bot will monitor the market based on stop-loss settings, and cut the loss when the criteria are met.
Trailing
Take Profit Trailing -- if this is enabled, then when the take-profit criteria are met, instead of placing the take-profit order immediately, the bot will monitor to see if the market is continuously going in its favour (e.g. price rises when the take-profit order is a "sell", or price drops when it is a "buy") and records the peak price. If somehow the price starts retracting from the peak price (e.g. price drops when the take-profit order is a "sell", or price rises when it is a "buy") and meets the criteria in the trailing settings, it will place the take-profit order then.
Stop Loss Trailing -- normally stop loss is triggered based on a static price (e.g. previous order's price), when trailing is enabled, the bot will constantly update the base price to the peak price (e.g. if stop-loss order is a "sell", and the base price is $100 and stop loss sets to 5%, then the stop loss should be triggered when price drops to $95, but if the price rises to $110, then the stop loss will be triggered when price drops to $104.5 which is 5% down from the peak price of $110 )
Dynamic Take Profit and Stop Loss
It is working in a similar way, on top of that, the bot will adjust the criteria based on current market situation regularly, read more about Dynamic Take Profit and Stop Loss
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