Strategy Field

Take profit PnL amount

Use the Take profit PnL amount field to set a portfolio profit target in dollars. TradersPost converts that target into a take-profit limit price using the quantity calculated for the planned entry before the order is sent to the broker, and the symbol's point value from the quote (for example, dollar value per price point for futures, or the options contract multiplier - 100 per contract for standard equity options).

Do not combine PnL take profit with a take profit percent, dollar amount, or limit price in the same configuration or in the same webhook takeProfit object; use either PnL or one of those modes.

You can also send a PnL-based take profit from your webhook with takeProfit.pnlAmount:

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit",
    "limitPrice": 100,
    "takeProfit": {
        "pnlAmount": 100
    }
}

If you send an explicit take profit limit price in the webhook, that value is used instead of the strategy setting.

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