On eToro, the maximum Take Profit (TP) limit for most manual trades is set at 1,000% of your invested amount, plus or minus 1,000% of your current profit or loss (P&L). This means you can adjust your TP up to ten times your original investment, depending on how your position is performing.
It's important to note that this TP cap is generally applied to leveraged trades. For non-leveraged buy positions, you have the option to remove the TP limit entirely, which allows for unlimited profit potential. However, when leverage is involved, eToro enforces this restriction as a risk management measure.
To modify your TP settings, go to your open trade, click on "Edit Trade," and adjust the TP level as desired. If you're trading without leverage, you can set the TP to "No TP" to remove any profit cap.
Keep in mind that this TP limit is designed to help manage risk so that profits are secured within a reasonable range, especially in volatile markets. You need to clearly understand how to use this feature to match your trading strategy with your financial goals.
About Nadav Zelver
