Exit strategies on Freya Finance

#Exit Strategies on Freya Finance: Take-Profit, Stop-Loss, Trailing & Chase

How a bot exits a trade matters as much as how it enters. Freya gives you a full toolkit of exit controls — from a simple take-profit to dynamic tools like trailing stops, break-even, and chase take-profit. This guide explains exactly how each one works (down to the mechanics), so you can build exits that match your strategy.

These are the settings in the Exit Trade section when you build a bot — see How to Create Your First DCA Bot for the full flow.

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#The Exit Toolkit at a Glance

#Take Profit

Take Profit is the one exit every bot needs. It closes the position at a percentage gain measured from your average entry price — which matters for a DCA bot, because averaging orders lower that entry, so the market doesn't need to return to your first buy for the TP to trigger. A modest TP closes deals more often; a larger TP aims for bigger but rarer wins. Take-profit can fill as a limit or market order depending on your Exit Order Type (see below).

#Stop Loss

Stop Loss closes the position to cap your losses if the market keeps moving against you past your whole grid. One important mechanic: a stop-loss always executes as a market order for an instant fill — it does not wait for a limit price, because when a stop is hit you want out immediately. (Your Exit Order Type setting, limit vs market, only applies to take-profit, not the stop-loss.)

#Trailing Stop Loss

A trailing stop is a dynamic stop that follows the price upward. You set a Trailing Distance — the percentage the stop trails behind the highest price reached. As the price climbs, the stop climbs with it, always staying that distance below the peak; if the price then falls by the trailing distance, the position closes. It lets a winning trade keep running while protecting the gains you've already made.

#Break-Even (Risk Reduction)

Break-even is a simple, powerful safety move. You set a profit level, and once the position is up by that percentage, your stop-loss automatically moves to your entry price — making your worst case a zero-loss exit. From that point on, the trade can't turn into a loss. It's one of the easiest ways to take risk off the table once a trade is working.

#Chase Take-Profit

Chase Take-Profit solves a specific frustration: price approaches your take-profit, almost touches it, then reverses — and you miss the profit. Chase fixes that with two settings:

• Chase Trigger — when price reaches this percentage of your TP target, the chase mechanism activates.
• Chase Max Distance — once active, the bot follows price as it climbs; if price then pulls back from its peak by this percentage, the bot exits at market to lock in the gains.

In short: chase lets you capture most of a move even when price doesn't quite reach your exact target.

#Multiple Take-Profit Levels

Instead of closing your whole position at one price, multiple take-profit levels split it across several targets. You add TP levels, and the bot closes a portion of the position at each one — taking some profit early and letting the rest ride for a higher target. It's a way to balance securing gains against staying in a strong move.

#Exit Order Type: Limit vs Market

Your Exit Order Type controls how the take-profit fills:

• Market — exits immediately at the current price when the target is reached.
• Limit — places the exit as a limit order at your target price (better price, but it must be reached to fill).

Remember: this setting applies to take-profit only. The stop-loss always exits as a market order so it fills instantly.

#Which Exits Should a Beginner Use?

For a first bot, a single Take Profit is all you need. As you get comfortable, add a Stop Loss, then consider Break-Even (an easy, low-risk upgrade) and a Trailing Stop to let winners run. Chase and multiple TP levels are powerful but more advanced — add them once you understand how your bot behaves. To think through risk properly, read Risk Management in Automated Trading.

#Frequently Asked Questions

#How is take-profit measured on Freya?

As a percentage gain from your average entry price, not your first entry. For a DCA bot, averaging orders lower your average entry as they fill, so the price doesn't have to climb back to your initial buy for the take-profit to trigger.

#Does the stop-loss use a limit or a market order?

Always a market order, for an instant fill. When a stop-loss level is hit, the bot exits at the current market price immediately rather than waiting for a limit. The limit-vs-market Exit Order Type setting only affects your take-profit.

#What is a trailing stop loss?

A stop-loss that follows the price upward at a set Trailing Distance — the percentage it trails behind the highest price reached. As price rises the stop rises with it; if price falls back by that distance, the trade closes. It locks in gains while letting a winner keep running.

#What is break-even (risk reduction)?

A setting where, once your position is up by a percentage you choose, your stop-loss automatically moves to your entry price. After that the trade can't become a loss — your worst case is a flat, zero-loss exit.

#What is Chase Take-Profit?

A tool to capture gains when price nears but doesn't hit your take-profit. You set a Chase Trigger (the % of your TP target where chasing activates) and a Chase Max Distance (how far price can pull back from its peak before the bot exits). Once chasing is active, the bot follows price up and exits at market if it retreats by that distance — so a near-miss still books profit.

#What are multiple take-profit levels?

They split your position across several take-profit prices. The bot closes a portion at each level, so you can secure some profit early while letting the remainder aim for a higher target — instead of closing everything at a single price.

#What's the difference between a limit and a market exit?

A market exit closes immediately at the current price; a limit exit places an order at your exact target price (a potentially better price, but it must be reached to fill). This choice applies to your take-profit only — the stop-loss is always a market order.