Percentage based TP

Instead of an exit rule based close, what about a percentage based TP - for example when you look at a public strategy it displays the current trade in % terms of the original trade size - what if we could close based on this?

I know this can be done using TP on pips but having a % based option would make it easier as pips differ per instrument.

What does everyone think?


If I understand correctly you are asking something I already asked and @Nikola replied here:

Similar but instead of a monetary based exit (say £15) a percentage based exit (say 15%).

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