# Take Profit

> Learn more about the types of Take Profits in Veles - simple limit, multi-takes with breakeven and signal Take Profit by the indicator.

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.

:::danger[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**         |

:::caution[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.

#### Setting options
- **By Take Profit**
  - No deviation
  - With positive deviation (recommended)
  - With negative deviation
- **By average price in a deal**
  - No deviation
  - With positive deviation (recommended)
  - With negative deviation

**After the first Take Profit** executed, the bot cancels the averaging grid and **always** sets the Stop Loss at the average deal price level, taking into account the deviation setting.
**After the second Take Profit**, the setting is applied:
- "By Average" — the Stop Loss remains at the average deal price + deviation % (if enabled);
- "By Take Profit" — the Stop Loss is moved to the level of the previous Take Profit + deviation % (if enabled).

:::note
1. Stop Loss at Breakeven should not be confused with a regular Stop Loss order — it serves only to lock in profits.
2. Stop Loss at Breakeven order is a market order and is subject to slippage.
:::

## "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[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**).
:::