Take Profit

Connecting and using Take Profit 

The first step is to set the take profit level in percent in the settings in Indata Script. To set Take profit up:

• Select the instrument you want to connect in the instrument list
• Click ENTER to open Basic info for instruments
• Click on the tab Indata script 
• Enter the desired value in the field Take Profit percent
• Enter the desired value in the field Take Profit Long rest (the number of shares you want to keep after the sell order) 
• Enter the desired value in the field  Take Profit Short rest (the number of shares you want to keep after the cover order) 

Connect the order model to the instrument

• Select the Nordnet account you want to use in the tool bar at the top
• Open the order dialog if you do not already have it open 
• Click on the tab Configure automatic orders
• Mark the order model Take profit Long in the left list if you want to sell a bought position (select EJ LOOP version if you want Take Profit to disconnect after the order)
• Mark the order model Take profit Short in the left list if you want to cover a short position (select EJ LOOP version if you want Take Profit to disconnect after the order)
• Mark the instruments you want to connect to Take Profit
• Click on Connect to create the connections
• Done! 

The order models are connected and if the take profit level is reached an order is sent to Nordnet closing the position.