fixed percent take profit mirrors the fixed_pct stop. The target is a flat percent of the entry price.
Shape
"take_profit": {
"type": "fixed_pct",
"percentage": 5.0
}Params
percentage- distance as a percent of entry price.
Usage
Easy to reason about. Pairs naturally with a fixed-pct stop for strategies that don't need volatility adjustment.
Pitfalls
Same as the fixed-pct stop: doesn't adapt to volatility. A 5% target on calm bars is reachable; on noisy bars it can be too far or too close depending on regime.