Disclaimer: Sagemaster, a software platform provides market insights on user-selected strategies. It does not offer financial advice or guarantee results. Trading involves risk, and users should consult financial professionals.

About

The Time-Based Take Profit (TP) and Partial Close feature helps traders manage their positions more effectively by adjusting partial close levels based on elapsed time. This solves the problem of missed profit opportunities due to static targets and market delays. It provides:

1. Forex markets are more active at certain times (like when London or New York sessions are open). If your trade hasn't hit its profit target during these busy times, it might not go much further. Exiting based on time helps you lock in what you have.
2. The longer you hold a trade, the more chances for the market to go against you. Time-based take profit ensures you don’t hold a trade longer than necessary.
3. When the market is closed or quiet, news can cause surprise moves. Exiting after a certain time helps you avoid these unpredictable events.
4. It helps you stay disciplined and avoid the emotional trap of hoping for more profit when the market isn't moving as expected.
5. Some brokers charge fees for holding trades overnight. A time-based exit can help avoid these extra costs.
6. If you’re trading short-term (like day trading or scalping), timing your exit helps you stick to the plan and avoid unnecessary risks.

1. Setting Up Time-Based Partial Close Levels

Step 1: Access Smart Assist Settings

1. Navigate to the Smart Assist settings.
2. Open the Partial Close section.

Step 2: Configure Partial Close Levels

1. Choose the type of partial close you want to use.

2. Add your first partial close level.

3. Add your first time-based level.

   

Step 3: Define Expiration and Adjustments

For each time-based partial close level:

• Set the time of expiration.
• Specify the new level value to be applied after expiration.

Important Notes: