TP - Take Profits

The Kashikoi indicator includes built in auto or custom take profit and stoploss (TP/SL) to improve your strategy, book profits, and minimize risk.

The Targets and Stoploss Settings Section

Check TP and SL to show the icons on chart. You can turn on/off the horizontal line levels for the targets and stoploss to see the levels on the chart.

Option 'Move Stoploss Up When Each Target Is Reached' will move your stoploss up to book profits after each target is reached. You can see it on the chart if you show the stoploss line level. Option 'Only Show Recent Target/Stoploss Lines' to hide the old trades in the history so there's not lines covering the chart. You can adjust how much back to show in the 'Length For Recent Target/Stoploss Lines' custom input.

The 'Select Targets/Stoploss Mode' setting you can adjust if you want to show for LONGS ONLY, or SHORTS ONLY, or LONGS AND SHORTS.

You can further customize the TP/SL by adjusting the candle type by either if price reached with the wick or candle closed above/below level. Default for TP if price reached so you can book profits when reached and not miss and default for SL if candle close to reduce stop hunts with the wicks. The 'Targets/Stoploss Timeframe Settings' you can select to adjust your TP/SL % levels based on timeframe or use the custom inputs. To use custom inputs select the custom inputs option then adjust the inputs below.