SL/TP(automatic exit strategy)

Modified on Sun, 7 Jun at 9:57 AM

SL/TP — Automated Position Protection Strategies

SL/TP are automatic position protection tools that allow you to focus on trading instead of manually managing exit orders. Using these strategies, you can preset Stop Loss and Take Profit levels when entering a position. You can also configure automatic stop movement to breakeven and enable a trailing stop that follows the price to help protect profits. These features allow you to build and automate your own trading strategy.

Exit strategies only work with orders opened through ATAS. If an order was opened outside ATAS, it will not be managed by the strategy. Therefore, positions opened through ATAS with exit strategies enabled should also be managed through ATAS. Otherwise, the strategy logic may be disrupted.

When using Exit Strategies, orders are sent to the broker's server. However, if the internet connection is lost or ATAS is closed, orders will not be automatically modified or canceled. To ensure proper operation, ATAS must remain running and connected to the internet.

Advantages of Exit Strategies

Reduced risk of order management mistakes.
Faster execution and adjustment of orders than manual trading.
Improved discipline and adherence to a trading plan.
Full alignment with your trading strategy.
Reduced emotional influence on trading decisions.

The SL/TP functionality is available in both the Chart Trader panel and the Smart DOM trading panel.

To enable the SL/TP feature, open Chart Trader, enable Stop Loss and Take Profit in the SL/TP settings window, and click Apply.

The settings window contains two tabs: Simple and Multi-Level.

Simple Tab

Time in Force (TIF)

DAY — the order remains active until the end of the current trading session or until it is executed.

Good Till Cancel (GTC) — the order remains active until manually canceled or executed.

Take Profit

Defines the distance between the entry price and the take-profit level (in ticks, percentage, or absolute price value).

Stop Loss

Defines the distance between the entry price and the stop-loss level (in ticks, percentage, or absolute price value).

When only these two options are enabled, the strategy creates a basic stop-loss and take-profit setup for the entire position.

Example: Buy at 100, tick size = 1, Stop Loss = 10, Take Profit = 10. The strategy places a take-profit order at 110 and a stop-loss order at 90.

Breakeven

Moves the stop-loss order to the breakeven point once a specified profit level is reached.

Parameters:

Breakeven — profit level (ticks/points) required before moving the stop.
Offset — additional offset applied when moving the stop to breakeven.

Example: Buy at 100, tick size = 1, Breakeven = 10, Offset = 1. Once the position reaches a profit of 10 ticks, the stop-loss is moved to 101.

Trailing

Automatically adjusts the stop-loss order as the market moves in your favor.

Parameters:

Stop — distance the market must move before the stop is adjusted.
Step — amount by which the stop-loss is moved.

Example:Buy at 100, tick size = 1, Stop = 10, Step = 5, Stop Loss = 7.
Initial stop-loss: 93.
At price 110, stop-loss moves to 98.
At price 120, stop-loss moves to 103.

Multi-Level Tab

The Multi-Level mode provides advanced control over Stop Loss and Take Profit management by allowing multiple exit levels.

Volume Type

Absolute, lots
Percentage

Time in Force (TIF)

DAY — valid until the end of the current trading session or execution.

Good Till Cancel (GTC) — valid until manually canceled or executed.

Exit Levels

Used to add and configure multiple Stop Loss and Take Profit levels.

Example:
Buy 2 contracts at 100 with a tick size of 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 places exit orders for one contract at 110/90 and for the second contract at 130/80.

Watch Mode

The Watch mode is automatically enabled when you manually move orders that were originally placed by the strategy.

Important! Breakeven and Trailing functions do not work while Watch mode is active.

For example, if a strategy is configured with a Stop Loss and Take Profit of 10 ticks, the initial setup will look as shown below.

After manually moving the take-profit order (1), Watch mode is activated (2), and the distance to the take-profit level shown in the strategy interface updates to the new value (3). The underlying strategy settings remain unchanged. If the strategy is disabled and then re-enabled, the original 10-tick configuration will be restored.