> For the complete documentation index, see [llms.txt](https://docs.chartprime.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.chartprime.com/strategy-builder/tp-and-sl.md).

# TP & SL

The Strategy Builder allows traders to set their TP and SL levels according to various parameters, including ATR (Average True Range), risk-reward ratio, trailing stops, or specific price changes.

If layered entries are active, an automatic TP method is applied by default, though traders can manually specify TP values if they prefer. This setup allows for precise control over trade exits, tailored to the strategy’s risk profile.

The ability to use external take profits and stop losses is also provided. By loading an indicator of your choice the plots will be added to the chart. By navigating to the external sources area of the settings, users can select this plot and use it as part of a wider trading system.

See some TP and SL examples along with external sources below:

{% embed url="<https://www.youtube.com/watch?v=albM4dF7Q64>" %}

Watch on YouTube: <https://www.youtube.com/watch?v=albM4dF7Q64>

{% hint style="info" %}
Example: Let’s say a user has entries based on the inbuilt trend signals and wishes to exit whenever the RSI crosses above 70. They can add RSI to the chart, select "crossing up" and enter the value of 70.
{% endhint %}

Users can select TP and SL conditions for short and long signals separately which allows for added flexibility. For example, creating a biased strategy can often be effective. Take an asset that goes up generally (e.g., NVDA): you may want a less tight SL on long signals because, statistically, the asset tends to climb more than it falls. Therefore a user may wish to widen the SL for long trades and have a tighter SL for short trades.