Orders and execution · Rookie
Take-profit order
Also searched as: TP, take profit
What does Take-profit order mean?
A take-profit order seeks to close a position when a specified favorable price condition is met. Trigger and execution mechanics depend on the platform and instrument.
Example
A long position has an exit objective above its entry price.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Check which quote triggers the order and whether the platform implements the exit as a limit or another order type.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.