Take profit and stop loss
TP is the take profit, in the side's units. When price reaches it, the whole position closes. Zero switches it off, so only the stop loss and the trailing exits close the trade. SL is the stop loss from the entry, in the same units.
In this video
The 30-second version
The same topic in thirty seconds, made for a phone screen.
Both videos use AutoScanTrade Lite in paper mode with made-up symbols and prices.
Read the transcript
Take profit
TP is the take profit, in the side's units. When price reaches it, the whole position closes. Zero switches it off, so only the stop loss and the trailing exits close the trade.
Stop loss
SL is the stop loss from the entry, in the same units. It is the backstop: a trailing stop usually acts first. It is also the trailing gap, when no trail width is set. Once a trail has armed, the trailed stop is the one that matters on the ladder.
On the ladder
Both sit on the ladder as labelled lines, with what each would realize in dollars, before costs. The LIVE row says what the stop would realize if it filled there, and how far the target is.
Drag them
Hover over TAKE PROFIT or STOP LOSS, and drag it. A dashed preview follows the mouse, and releasing sets the new level, which is the same setting you see in the windows: one number, not a copy. A target behind the entry, or a stop in front of it, is refused, and the order log says why. The dashed preview lets you check the new level before you release the mouse.
On the chart
The chart draws them too, and FIT LEVELS brings both into view, even when the target is far from the price.
Estimates, not promises
Every figure here comes from the last price the desk has seen. A stop is a software exit, sent as a limit through the market when it is touched, so a fast stock can fill beyond it. The real price you get appears in EXECUTIONS, and the order log shows the broker's reply.