The feature empowers traders to devise and apply their entry strategies without worrying about the subsequent exit calculations. Once your entry is set, TradersPost automatically determines the stop loss and take profit orders relative to that entry price, enabling a seamless transition from entry to exit.
After you've pinpointed the perfect entry signal for a trade, TradersPost's Relative Stop Loss and Take Profit feature kicks in. For example, if your strategy identifies a prime entry point for a stock, TradersPost will automatically calculate and place exit orders at the percentages you've pre-set, freeing you from the hassle of manual calculation.