A take-profit (TP) order is a resting limit order placed at the desired profit-target price. When price trades to the level, the limit fills and the position closes at the planned profit. Many exchanges expose 'TP/SL' as a single bracket that pairs a take-profit limit and a stop-loss stop on the same position.
Because TPs are typically limit orders, they only fill if price actually reaches the level — a gap past the TP can leave the order unfilled, with price moving back through it without execution. Some platforms offer a 'TP market' variant that converts to market at the target, guaranteeing execution at the cost of price certainty.
TP-as-limit is the standard. For partial TPs (close half at 1R, ride the rest), most exchange brackets allow either tiered limits or programmatic position resizing.
How Noon Barbari uses Take-profit order
Every concept here is implemented in the platform. Open the relevant docs or tool to see it in action.
Order types in the designer →Related terms
- Risk
Take profit
A pre-committed exit at a target price that locks in a winning trade.
- Order types
Limit order
An order to buy at or below / sell at or above a chosen price. May not fill.
- Order types
Stop order
An order that converts to a market order once a trigger price is reached.
- Order types
Trailing stop order
Exchange-side order whose trigger ratchets as price moves in your favor.