Take Profit

There are three ways to close a deal on the Veles platform:

1. Simple Take Profit (limit order)
2. Multi-takes with Stop Loss to breakeven
3. Signal Take Profit by the indicator

”Simple” Take Profit

This is the basic and most familiar mode of operation.

In the “Profit” field, set the percentage of profit from the average deal price. The bot places a limit order on the exchange, which will close the deal when the price reaches the specified percentage.

After execution of each averaging order, the bot deletes the old Take Profit order and creates a new one with updated price and volume.

Important

The P&L indicator on Veles and P&L on the exchange are different parameters.
On Veles, it means the % of price movement.
On the exchange it reflects the profit relative to the deal, taking into account leverage. For example, with a leverage of x10, 1% P&L on Veles corresponds to ≈10% of the P&L on the exchange.

Trailing Stop

The Trailing Stop feature is available on the Binance, BingX, Bitget and OKX exchanges. This is an order that follows the price movement and is activated when the price is rolled back.

Recommended values:

• “Activation price (Profit)” — from 1%
• “Deviation percentage” — from 0.5%

Example:

• Profit reached 1.5% — the bot sets the closing level at 1.0%.
• If the price drops to 1.0% profit, the position is closed.
• If the price increases, the closing level is recalculated: 1.6 → 1.1 %, 1.7 → 1.2 %, and so on.

Profit currency

When trading on the spot, the “Profit Currency” setting is available. It works only for limit orders that close or shorten the deal.

Working principle

Each trading pair consists of two currencies: Base / Quote (base / quoted).

For example, in ETH/USDT pair: ETH = Base, USDT = Quote.

Example 1. Profit in the quote currency (Quote)

Action	Calculations
Buy	1 ETH × 1000 USDT
Sell	1 ETH × 1500 USDT
Profit	500 USDT

Example 2. Profit in the base currency (Base)

Action	Calculations
Buy	1 ETH × 1000 USDT
Sell	0.666 ETH × 1500 USDT
Profit	0.334 ETH

Important

Selection of Profit currency works only with limit closing orders. If the deal is closed with a market order (by the signal of the indicator or a Trailing stop), then all profits are taken only in the quote currency.

Example for the BTC/USDT market

• Bot Long → profit is taken in USDT
• Bot Short → profit is taken in BTC

If the profit is less than the minimum order volume, the profit in the coin will also not work.

”Own” mode — Multitakes

Multitakes allow you to close a position in parts — at different profit levels.

After the first order executed, the bot builds a grid of Take Profit orders and places the first Take Profit. Each new order is placed sequentially, and the TP-grid is recalculated if a new averaging occurs in the deal.

In the “Profit” section, select the “Own” mode, add several orders and configure the parameters:

• Indent %: set the indent from the average deal price
• Volume %: the proportion of positions closed at this level

This way you will unload your deal in stages and reduce the risk of a market reversal.

Stop Loss at breakeven

The function is only available in the “Own” mode if two or more Take Profit orders are configured. It prevents the deal from going back to drawdown after the first take is executed.

Configuration options

• By Take Profit
• By average price in the deal

After the first Take Profit, the bot cancels the grid of averaging orders and places a stop at the average level.

After the second Take Profit:

• “By average”: the stop remains at the average price;
• “By Take Profit”: the stop is moved to the level of the previous Take Profit.

Note

Stop Loss to breakeven locks in profits and should not be confused with a regular Stop Loss, which limits losses.

”Signal” mode — closing by indicator

In this mode, the bot closes the deal automatically when it receives a signal from the indicator.

Example:
If the bot is in Short algorithm and the Donchian Channel indicator is selected, the deal will be closed at an oversold signal.

How to configure:

1. Open the “Signal” tab in the “Profit” block.

2. Press “Add filter” and select an indicator (or combination of filters).

3. Configure the “Minimum P&L” parameter so that the bot does not close the deal before the set profit. The minimum value is 0.1%.

Note

When trading on spot, the “Profit Currency” cannot be selected — the profit is always fixed in the quote currency (for Long) or in the base currency (for Short).