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🏁 Take Profit Settings

The Take Profit (TP) settings in Wick Hunter give users flexibility to exit trades using a variety of methods.

Updated over 2 months ago

1 · Single TP

Parameter

What it does

Take Profit %

Closes 100 % of your position once price reaches the chosen % above (long) or below (short) your entry.

Cover Funding Fee

Adds a small buffer so the net result after funding ≈ the TP %.

Quick example

  • Entry = $100.5  TP = 3 %

  • The bot places a single limit‑sell at $103.51.

  • Whole position closes if filled.

Best when you want a clean, fixed‑target exit.


2 · Multi TP

Parameter

What it does

Take Profit %

% objective for each step.

Size %

Portion of total position you’ll close at that step.

Add Additional

Add as many extra steps as you like.

Illustrative setup

  • TP1 = 1.5 %, Size = 50 %

  • TP2 = 3 %, Size = 50 %

Result: Half the position scales out at +1.5 %, the rest at +3 %.

Best when pyramiding out in choppy conditions.


3 · Single ATR TP

Parameter

What it does

ATR Length

Number of candles used to compute ATR.

ATR Timeframe

Candle size (e.g., 5 m).

ATR Deviation

Multiplier → TP distance = ATR × Deviation.

ATR Minimum %

Floor so TP ≠ too tight in low‑vol markets.

Cover Funding Fee

Optional buffer.

Quick example

  • ATR Length = 14, Timeframe = 5 m

  • ATR ≈ 0.8 % Deviation = 1.5×

  • TP distance = 1.2 % (0.8 % × 1.5)

Best when the market’s volatility fluctuates and you need auto‑sizing.


4 · Multi ATR TP

Same inputs as Single ATR TP, plus Size % per level.

Illustrative setup

Level

Distance

Size %

TP1

1 × ATR

50 %

TP2

2 × ATR

50 %

Scales out as volatility permits.

Best when you want volatility‑aware staggered exits.


5 · Trailing TP

Parameter

What it does

Activation %

Profit threshold that arms the trail.

Trail %

Distance the price must retrace to close.

Cover Funding Fee

Adds buffer.

Concrete flow

  1. Price hits +3 % → trail activates.

  2. It keeps rising; peak at +7 %.

  3. A 1 % pullback (to +6 %) triggers full close.

Locks in upside yet lets winners run.

Best when riding clear trends.


6 · DCA‑Based TP

Range

TP distance

Base Order only

2 %

≥ 1 DCA filled

4 %

Add Range

Create more tiers as needed.

Keeps TP tight for light positions, wider for heavier averaged‑down ones.

Best when your exit should depend on how many DCA layers filled.


Cheat‑Sheet 📑

Goal

Pick this TP mode

Simple, one‑shot exit

Single TP

Ladder out at fixed points

Multi TP

Volatility‑aware target

Single ATR TP

Volatility‑aware ladder

Multi ATR TP

Let winners run, trail stops

Trailing TP

Exit varies with DCA depth

DCA‑Based TP

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