Automatic Exit Strategy

SL/TP — automatic position protection tools

SL/TP are automatic position protection features that let you focus on trading instead of placing orders. With these exit strategies, you can preset Stop Loss and Take Profit levels when entering a position. You can also set rules for moving the stop to breakeven and using a trailing stop that follows the price to protect your profits. These features help create a personalized trading strategy.

Exit strategies only process orders opened through ATAS. If an order is placed outside of ATAS, it will not be managed by the strategy. To ensure proper functioning, open and manage such positions only within ATAS.

When using Exit Strategies, orders are sent to the broker's server. However, if the internet connection is lost or ATAS is closed, no automatic order cancellation or movement occurs. The computer must stay online with an active ATAS account.

Advantages of using Exit Strategies

• Less chance of errors in order management
• Faster execution and order modification than manual actions
• Improved discipline (less deviation from the plan)
• Better alignment with your trading system
• Reduced emotional influence

The SL/TP function is available in both Chart Trader and Smart DOM panels.

How to enable SL/TP

Open Chart Trader, enable  Stop Loss  and  Take Profit  in the SL/TP  settings window, then click  Apply.

Simple mode

Main parameters

• Time in Force (TIF) — DAY or Good Till Cancel
• Take Profit — distance from entry price to TP (ticks/percent/price)
• Stop Loss — distance from entry price to SL (ticks/percent/price)

Example: Buy, entry price = 100, price step = 1, Stop Loss = 10, Take Profit = 10. The strategy will set the take profit at a price of 110 and the stop loss at a price of 90.

Breakeven

Moves the stop to breakeven once the defined profit is reached.

• Breakeven — profit threshold (ticks/points)
• Offset — distance beyond breakeven to place the new stop

Example: Buy, entry price = 100, price step = 1, Stop Loss = 10, Take Profit = 10. The strategy will set the take profit at a price of 110 and the stop loss at a price of 90. 

Trailing

• Stop — distance the price must move to shift the stop
• Step — size of stop movement

Example: Buy, entry price = 100, price step = 1, Stop= 10, Step= 5, Stop Loss = 7

Initially, the stop loss is set at 93.

When the price reaches 110 or higher, the stop moves to 98. The next move will be at 120, moving the stop to 103, and so on.

Multi-Level mode

Allows setting multiple levels for SL/TP for the same position.

Settings:

• Volume Type: Absolute or Percentage
• Exit Levels: Configure SL/TP for each level

Example: A buy with the volume of 2 contracts, entry price = 100, price step = 1,

Exit Level 1: Quantity 1, Stop Loss = 10, Take Profit = 10. 

Exit Level 2: Quantity 1, Stop Loss = 20, Take Profit = 30.

The strategy will set exit orders for 1 contract at the first level with a take profit at 110 and a stop loss at 90, and exit orders for 1 contract at the second level with a take profit at 130 and a stop loss at 80.

Important: Breakeven and Trailing Stop do not work in Multi-Level mode. These options are only available in Simple mode.

Watch Mode

In SL/TP, there is also a Watch mode, which activates when you manually move orders that were automatically set by the strategy.

For example: a standard strategy is activated with settings for stop and take profit at 10 ticks. Here is what the initial setup looks like:

After manually moving the take profit (1), the Watch mode is activated (2), and the distance to the take profit in the strategy interface updates to the new value (3). However, the strategy settings remain unchanged. When the strategy is disabled and reactivated, exit orders will be set at a distance of 10 ticks according to the original settings.

If there is an error in SL/TP operation, a yellow triangle with an exclamation mark will appear in the interface. Click on it - a window with three available options will open:

1. Restart SL/TP - restarts the protective strategy on an already open position.
2. Re-set orders - deletes the current protective orders and re-sets them according to the current settings.
3. Turn off SL/TP - turns off SL/TP, cancel current orders if any and stop further processing until new settings are set.

The second method can be effective only in rare cases. To eliminate the error, it is recommended to choose one of the options: items 1 or 3.