How do I enable Smart TP rules?

Enabling Smart TP (Smart Take Profit) in MagicTradeBot allows the bot to dynamically trail profits instead of using a fixed profit target, maximizing gains while protecting your position.

🧠 Steps to Enable Smart TP

1. Locate the TakeProfitRules Section

   • Open your decision_engine.yaml file
   • Find the TakeProfitRules configuration block

2. Enable Smart TP for a Rule

   • Set the EnableSmartTP flag to true for the specific rule you want to activate

TakeProfitRules:
  - TargetProfitPer: 6  
    SellPer: 40
    RuleName: "Target - Short"
    IsEnabled: true
    EnableSmartTP: true          # Enable Smart TP for this rule
    TrailingGapPer: 2            # Optional: Pullback percentage to trigger sell
    MinProfitLock: 4             # Optional: Minimum guaranteed profit
    UseDynamicGap: true          # Optional: Adjust trailing gap dynamically

1. Optional Parameters to Enhance Smart TP

1. Partial vs Full TP

   • You can combine Smart TP with partial sell rules (SellPer < 100) to lock profits incrementally
   • Multiple rules can be configured to stagger profit-taking dynamically

🔄 How It Works

• When the trade reaches the TargetProfitPer, Smart TP monitors the peak price
• If price reverses by TrailingGapPer, the bot closes the portion of the position specified by SellPer
• Ensures profit is captured dynamically, unlike fixed TP which closes at a predetermined percentage

📌 Key Points

• Enable per rule: Smart TP is rule-specific, not global
• Works with long and short trades independently
• Fully compatible with partial TP rules and DCA orders
• Recommended for volatile markets to maximize profit while minimizing risk