Using partial take profit targets is another great strategy that helps to balance the risk and reward in trading. Here's how this would look:

1. TP1 (20 pips): When the price moves in your favor and hits the first TP (20 pips), you could close a portion of your position to lock in some profit, say 25% of your position, and move your stop loss to the entry point (breakeven).
2. TP2 (40 pips): If the price continues to move in your favor and hits TP2 (40 pips), you could close another portion of your position, say another 25%. At this point, you could consider setting a trailing stop loss at 20 pips.
3. TP3 (60 pips): If the price hits TP3 (60 pips), you could close another portion of your position, say another 25%. Your trailing stop would automatically move up to 40 pips above your entry point as the market moves.
4. TP4 (80 pips): If the price finally hits TP4 (80 pips), you could close the remaining portion of your position, taking the final profit. If the price reverses before hitting TP4 and hits your trailing stop, you'd still secure a decent amount of profit.

The Partial Take Profits feature allows you to secure profits at various stages of a trade by automatically closing a portion of your position when certain predefined levels are reached. There are two types of partial close methods available: Classic Partial Close and Smart Partial Close. Below is a detailed explanation of how each method works, along with examples.

1. Classic Partial Close

The Classic Partial Close method allows you to set partial take profit levels based on a fixed distance from the trade’s opening price (e.g., in pips). When the price reaches these levels, a percentage of the position is closed.

Example Setup:

• Calculation Type: Classical Partial Profit (Based on TP)
• Partial Close Levels:
  • Level 1: Distance from Open: 20 pips | Close Percentage: 30%
  • Level 2: Distance from Open: 40 pips | Close Percentage: 50%

How It Works:

• As soon as the price moves 20 pips in your favor, 30% of your position will be closed, securing a portion of your profit.
• When the price reaches 40 pips, an additional 50% of your remaining position will be closed.
• The remaining 20% of your position will continue running, allowing you to capitalize on further price movement if the trend continues.

Example Scenario: You open a trade with a position size of 1 lot:

• At 20 pips, 0.3 lots ( 30 % from initial position) are closed.
• At 40 pips, another 0.5 lots (50% from initial position) are closed.
• 0.2 lots remain in the market to capture further gains.