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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.
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Time-Based Take Profit allows traders to define a single take profit level that the system evaluates only after a specified time has passed. Rather than reacting instantly to price movement, this strategy checks the unrealized profit at a specific time, giving users a more structured and disciplined exit strategy.
This approach is ideal for traders who want time-conditioned exits that avoid premature closures due to temporary price fluctuations.
Navigate to the โTake Profitโ Section
Enable "Add Time-Based Level"
Click the blue โ Add Time-Based Level option.
A field will appear for defining your TP and time delay.
Configure the Settings
New Level (%): Enter your desired take profit target.
Time: Specify the number of minutes/hours after which the profit should be evaluated.
After 90 minutes, the system checks your unrealized profit:
- If it's โฅ 2%, the trade closes automatically.
- If it's < 2%, the trade remains open.