The Take Profit (TP), Stop Loss (SL) and Trailing Stop (TS) are order events that are placed as exit rues. Since they are orders to close operations:
- Take profit is an order whose purpose is closing the operation if the asset price reaches the value marked in that operation.
- Stop-loss is an order whose function is stopping the losses, closing operations, so they do not continue losing money.
- Trailing stop is a variation of the stop loss, its function is to protect the accumulated profit in a winning operation. Therefore, it is activated in the level that you set and is in that level in which you configure the stop loss, but if the operation does not reach the indicated level, then the stop loss is not set.
