How to Set Multiple Take Profits on TradingView
Setting multiple take profits on TradingView is like having a game plan for locking in gains at different stages of a trade. It's a straightforward way to protect your profits and manage your risk, especially when the markets are jumping around. Whether you're new to this or have some experience, TradingView's tools make it surprisingly simple to set this up.
What Exactly is a Take Profit Order?
Think of a take profit (or TP) order as a pre-set instruction that automatically closes your trade once it hits a specific profit target. It's your way of saying, "Okay, I'm happy with this gain," without having to watch the charts every single second.
On TradingView, you can set these TP orders directly through the trading panel, especially if you're connected to a supported broker for trading forex, stocks, or crypto. The real power move is using multiple take profits. Instead of cashing out your entire position at one price, you split it into several parts. You close one chunk of the trade at a first target, another part at a higher target, and so on.
This approach helps you balance the desire to secure some profit now with the hope of catching a bigger move later. It's very different from using just one take profit level, where a sudden price reversal could wipe out most of your paper gains. That's why scaling out of a trade with multiple targets is such a popular technique, particularly when a market is in a strong, sustained trend.
Here's a quick comparison:
| Feature | Single Take Profit | Multiple Take Profits |
|---|---|---|
| Strategy | All-or-nothing; the entire position closes at one price. | Incremental; the position is closed in parts at different prices. |
| Risk/Reward | Simpler, but you risk giving back all profits if the price reverses. | More nuanced; you lock in some gains early while letting a portion ride for more potential. |
| Best For | Situations with a very clear, single price target. | Trending markets where you want to capture profit at various stages. |
Why Multiple Take Profits Make Trading Easier
Using multiple take profit levels is like having a game plan that does the hard work for you. It helps you stay calm and avoid making panicked decisions when a trade starts moving. Instead of hoping for one big price jump, you lock in smaller wins along the way.
This approach does two great things for you: it protects some of your profits early on, while still letting a part of your trade run for a bigger potential gain. This is super useful in fast-moving markets like forex. For example, a pair like the EUR/USD can change direction in a blink, and this strategy helps you manage that uncertainty.
Let's say you're in a long trade. A common way to use this is by setting three profit targets and closing a part of your position at each one.
| Take Profit Level | Position Size to Close |
|---|---|
| 1% Gain | 30% |
| 2% Gain | 30% |
| 3% Gain | 30% |
This way, you're consistently banking profits. It's a favorite method for both quick scalpers and patient swing traders because it naturally creates a good risk-reward setup (think 1:2 or higher). From what we've seen in trading communities, using these partial exits can improve win rates by around 15-20% in back-tests. It's a simple change that can make a real difference.
Getting Your TradingView Chart Ready for Multiple Take-Profit Orders
Before we jump into setting up multiple profit targets, let's make sure your TradingView workspace is set up correctly. It's like checking you have all the ingredients before you start cooking.
First, you'll need a TradingView account. A free account lets you do the basics, but if you want to use all the advanced features, a Pro or Premium plan is the way to go.
Next, to actually place real trades from the chart, you need to connect your broker. You can do this through the Trading Panel. Popular brokers like OANDA or Interactive Brokers work well. If you don't connect a broker, that's okay—you can still practice and simulate your orders, which is great for testing your strategy without risk.
Get comfortable with the chart itself. Just head to the homepage, pick an asset you want to look at (like a stock or forex pair), and choose your preferred timeframe. To open the Trading Panel, simply right-click anywhere on the chart and select "Trade" from the menu.
One last thing: it's always a good idea to make sure you're running the latest version of TradingView. The team is constantly improving the platform, and features like multi-order support get even better with new updates.
Here's a quick checklist to run through:
| Prerequisite | Why It's Important |
|---|---|
| TradingView Account | Free for practice; Pro/Premium for live advanced orders. |
| Connected Broker | For live trade execution; otherwise, you're in simulation mode. |
| Familiarity with Chart | You should know how to find assets, change timeframes, and open the Trading Panel. |
| Updated Platform | Ensures you have access to the latest features and bug fixes. |
A Simple Way to Set Multiple Take Profit Levels on TradingView
Want to lock in profits at different price points? The easiest way to do this on TradingView is by breaking your trade into several smaller pieces. Each piece gets its own profit target. It's a simple workaround for the fact that a single order can't usually have multiple take profits.
Step 1: Get Your Chart Ready
First, log into TradingView and pull up the chart for whatever you're trading, like EUR/USD. I like to add a couple of indicators to help spot opportunities—you can find popular ones like the RSI or Moving Averages in the "Indicators" menu at the top.
Once you've found a good spot to enter based on your strategy (maybe a price breakout), right-click directly on the chart at your desired entry price. Choose "Trade" and then "Create New Order." This opens up the order box where you can choose a market order for an instant fill, or a limit order if you want to get a specific price.
Step 2: Place Your Split Orders
Let's say you want to trade a total of 1 lot. Instead of one big order, you'll create a few smaller ones. For example, you could make three separate orders for 0.33 lots each.
For your first order:
- Set the quantity to 0.33.
- Choose "Buy" or "Sell."
- In the "Take Profit" field, enter your first target price.
Click confirm, and you'll see the order and its profit target appear on your chart. Now, just repeat that process for your second and third orders, setting a higher (for a buy) or lower (for a sell) take profit level for each one. Each of these mini-orders will close on its own when its target is hit.
Here's a quick example of how you might split a 1-lot trade:
| Order | Lot Size | Take Profit Level |
|---|---|---|
| 1 | 0.33 | 1.1234 |
| 2 | 0.33 | 1.1345 |
| 3 | 0.33 | 1.1456 |
Step 3: Don't Forget Your Stop Loss
This part is super important for protecting your money. For every one of those take profit orders you set, you should also set a stop loss. A common practice is to place your stop loss about 1-2% away from your entry price.
In the same order panel, you'll find a "Stop Loss" field. Just enter your price there. This way, if the market suddenly turns against you, your losses are capped, and your overall strategy stays sensible.
Step 4: Manage Your Trades
Try to place all your split orders at the same time to keep things tidy. You can easily keep an eye on everything in the "Trading Panel." To make it even easier, set up price alerts by right-clicking on any of the lines on your chart and selecting "Add Alert."
A great bonus is that this whole method works on the TradingView mobile app, too, so you can manage things on the go. For my fellow U.S. traders, just remember to check that each of your smaller orders still meets your broker's minimum size requirements. It's a straightforward way to get the control of a pro without needing any fancy automated scripts.
Using Pine Script to Automate Multiple Take Profit Levels
If you're setting up a trading strategy that takes profits at different price points, Pine Script can handle that logic for you automatically. It's like having a co-pilot for your trades. You'll find the Pine Editor at the very bottom of your TradingView chart. Just pop it open, start a new script, and you're ready to code your strategy.
Of course, if you'd rather skip the coding entirely, tools like Pineify's visual editor let you build these multi-take profit strategies through a simple point-and-click interface - no programming required.
Getting Started with the Basic Setup
First, you define your strategy. A simple start looks like this:
strategy("Multi TP Strategy", overlay=true)
Then, you need a condition to enter a trade. For instance, a classic moving average crossover:
if (ta.crossover(sma(close, 14), sma(close, 28))) strategy.entry("Long", strategy.long, qty=1)
The real magic for multiple take profits happens with the strategy.exit commands. You can set up several of them to sell portions of your position at different targets. Let's say you want to sell 25% at each profit level:
strategy.exit("TP1", "Long", qty_percent=25, limit=entry_price * 1.01)
strategy.exit("TP2", "Long", qty_percent=25, limit=entry_price * 1.02)
And of course, don't forget your safety net—the stop loss:
strategy.exit("SL", "Long", stop=entry_price * 0.98)
When you backtest, the script will automatically scale out of the trade just like you planned. A quick heads-up: older versions of Pine Script had some limitations, but the current version (v5) makes partial exits nice and straightforward with qty_percent. Always use the Strategy Tester tab to see how your idea would have played out on historical data.
Taking Your Script to the Next Level
You can make your profit targets dynamic, so they adapt to current market volatility. A common way is to use the Average True Range (ATR). For example:
tp1 = close + (ta.atr(14) * 1.5)
Another approach for partial closes is to use strategy.close with a specific condition, like:
if (high >= tp_level) strategy.close("Long", qty=0.25)
Once you're happy with your script, you can share it with the TradingView community to get feedback, just make sure it follows their publishing rules.
Here's a quick visual of how a basic multi-take profit strategy plays out:
| Order | Action | Quantity | Trigger Price (Example) |
|---|---|---|---|
| TP 1 | Sells | 25% | Entry Price + 1% |
| TP 2 | Sells | 25% | Entry Price + 2% |
| TP 3 | Sells | 25% | Entry Price + 3% |
| TP 4 | Sells | 25% | Entry Price + 4% |
| SL | Sells | 100% | Entry Price - 2% |
Backtesting is where you'll discover the little details. If you use the replay mode, you can watch your multi-take profit logic play out bar-by-bar on different assets. This kind of automation is a game-changer for fast-moving strategies, as it helps you stick to your plan without letting emotions or manual errors get in the way.
Getting Smart with Multiple Take-Profit Levels in Your Trading
Using multiple take-profit orders is like having an exit strategy with options, and it pairs perfectly with how you already trade—whether you're following the trend or betting on a price snapback.
The idea is simple: instead of hoping for one perfect exit price, you secure gains along the way. This helps lock in profits and manages the anxiety of watching a trade reverse before you've banked anything.
A Practical Example with Fibonacci
Let's say you're using a Fibonacci retracement tool in an uptrend. A common way to scale out is to set your take-profit orders at key Fibonacci extension levels.
| Fibonacci Level | Action |
|---|---|
| 38.2% | Sell a portion of your position to book some early profit. |
| 61.8% | Sell another chunk as the move continues. |
| 100% | Take the final part of your position off the table. |
Here's the pro move: pay attention to volume. If there's a huge surge in buying volume as price hits your first target (TP1), it's a strong signal that there's enough momentum to hold the rest of your position for the higher targets.
Tailoring This to Your Market
- For Crypto Traders (e.g., BTC/USD): In a strong bull run, volatility is your friend. Splitting your order into multiple lots lets you capture those big, sudden upward spikes without getting shaken out by a single exit. You're essentially riding the wave in stages.
- For Forex Traders: Pair this with the economic calendar. If a major news event is coming up, you can set your take-profit levels just before or around those key announcements. This helps you capture moves driven by the initial news spike and avoid the unpredictable whipsaws that often follow.
No matter how you set it up, the golden rule remains the same: always backtest your plan. See how this multi-exit approach would have worked in the past to understand if it truly gives you an edge.
Common Mistakes to Avoid When Setting Multiple Take-Profit Levels
Trying to get too fancy with your profit-taking can actually backfire. If you split your position into way too many chunks, it gets hard to manage and you might miss your targets due to slow execution. A good rule of thumb is to stick with 3 to 5 take-profit levels—it's the sweet spot between being detailed and staying in control.
Here's another thing that can sneak up on you: forgetting about trading costs. Every time you close a part of your trade, you pay a commission or a spread. If you don't factor those in, they can quietly eat into your gains. Always run the numbers to understand your actual profit after costs.
Placing your take-profit levels just anywhere on the chart is a common misstep. If a level isn't backed by a clear zone of support or resistance, the price might reverse before it even gets there, kicking you out of the trade too soon. Always use your chart's drawing tools to confirm you're placing your targets in logical areas.
And don't forget to check if your broker is even on board with your plan! Some brokers aren't set up to handle the tiny "micro-lot" orders needed for complex splits.
If you're coding your strategy in Pine Script, a small typo can have big consequences. A mismatched quantity in your strategy.exit function can accidentally close your entire position instead of just a part of it. Always double-check your code for consistency.
Finally, the biggest hurdle is often ourselves. The moment you move a take-profit level after you're already in the trade, you're letting emotions override your system. It might feel right in the moment, but it undermines the whole point of having a objective, rules-based plan. Stick to the strategy you designed.
Tools and Indicators to Make Your Multi-Take Profit Setup Easier
Setting up multiple take profit levels doesn't have to be a chore. A great place to start is right inside TradingView. Head over to their community scripts library and search for a "Multi-Take Profit" indicator. You can just add it to your chart, and it will automatically plot your profit levels for you. To make sure you don't miss a thing, pair it with alerts so you get a real-time notification the moment a TP level gets hit.
For visualizing your whole plan, the Long/Short Position Tool is perfect for drawing out all your scaled exit lines, so you can see your entire strategy at a glance. If you're looking for more advanced Pine Script capabilities, check out our comprehensive TradingView Pine Script Editor Guide to master the development environment.
If you're trading on your phone: The mobile app's order panel works just like the desktop version. For placing your TP levels with precision, just use the pinch-to-zoom gesture to get a close-up view of the chart. If you have a Premium subscription, features like the multi-chart layout are super helpful for keeping an eye on several assets at once, all with their own multi-TP strategies running.
Your Questions on Multiple Take Profits, Answered
Can I set multiple take profits on TradingView without a broker?
You can absolutely set up and practice with multiple take profits right on TradingView using their Trading Panel paper trading feature. It's a fantastic way to test your strategy. However, for automatically closing parts of a real, live trade at different price points, you will need your specific broker to support that feature through their integration with TradingView.
How many take profits can I set per trade on TradingView?
Technically, there's no set ceiling. You could split a trade into ten smaller profit targets if you wanted. But from a practical standpoint, most traders find that splitting a position into 2 to 5 take profit levels is the sweet spot. This gives you flexibility without making things overly complicated. If you're coding a strategy in Pine Script, you can technically handle many more, but simplicity often wins.
Does splitting my position affect the margin I need?
It can, yes. When you create multiple take profit orders, your broker may reserve a tiny bit of margin for each one. This means the total margin required for the entire trade could be slightly higher than if you had just one exit order. It's always a good habit to double-check your broker's specific policy on this to ensure you stay within your comfortable risk limits.
What happens if the price suddenly jumps past my take profit level?
This is an important scenario to consider. TradingView will execute your order at the next available price once the market trades at your target level. However, if the price "gaps" right through it (like after a major news event), your order could fill at a less favorable price than you planned—this is called slippage. A good way to protect against this is by using a guaranteed stop loss, if your broker provides them, which acts like an insurance policy for your exit.
Do I need to learn Pine Script to use multiple take profits?
Not at all! If you're placing trades manually and watching the markets, you can simply split your position size yourself as the price reaches your predetermined targets. Using Pine Script is not a requirement. It becomes really powerful, though, when you want to fully automate your strategy or test how it would have performed in the past (backtesting). For hands-on, discretionary trading, a manual approach works perfectly fine. If you're curious about the basics, our guide on If Else in Pine Script covers the fundamental conditional logic used in automated strategies.
Next Steps
Ready to put multiple take profits into action on TradingView? Here's a straightforward way to get started without any pressure.
First, open a demo account with one of TradingView's connected brokers. This lets you practice with virtual money, so there's no risk. Try setting up a simple three-level take profit on an asset you know well, like EUR/USD. For example, you could close one-third of your position at a 1% gain, another third at 1.5%, and the final part at 2%.
If you're curious about automation, dive into Pine Script. A great way to learn is by finding a popular strategy in the TradingView community and creating a copy of it (this is called "forking"). Then, try modifying the code to add partial profit-taking orders. Don't be shy about sharing your creation in the TradingView forums—it's a fantastic way to get constructive feedback from other traders. For those who prefer AI-assisted development, explore The Best Pine Script Wizard AI for TradingView to streamline your coding process.
For real-world tips and experiences, spend some time in trading communities on Reddit or follow practical strategy breakdowns on YouTube. And to really see how your new approach is working, make a habit of logging your trades in TradingView's built-in journal feature. If you're considering different code generation tools, our comparison of Pine Creator vs Pineify can help you choose the right solution for your needs.
What's the first strategy you'll try this with? Let me know in the comments, and when you're ready, you can explore setting up advanced alerts to help manage everything more efficiently.