A common technique traders use to secure their profits and avoid risk is moving the stop loss to profit or breakeven once the trade has reached a certain unrealized profit. This way, the trade is still open to hit the take profit target, but a certain profit will be guaranteed (or at least avoid a loss) in case of a reversal.
In Gainium, you can use the move stop loss option in trading bots and terminal deals under the Stop Loss section.
In the screenshot above, we have set our stop loss to move to 3% profit when the position's unrealized profit reaches 5% profit.
There are some things to keep in mind when using this option:
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