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Position drawing settings

Select a Long position or Short position drawing, then open Chart settings > Drawings to adjust its prices and appearance.

6 min read12 sections

  1. 01

    Entry price

    Entry is the starting price for your position sketch.

    Type the price where the sketch begins.

    Entry price in GainzAlgo drawing properties
  2. 02

    Take profit price

    Take profit is the target price for your sketch.

    Enter the target price you want to compare.

    Take profit price in GainzAlgo drawing properties
  3. 03

    Stop loss price

    Stop loss is the price used to limit the loss in your sketch.

    Enter the stop price you want to compare.

    Stop loss price in GainzAlgo drawing properties
  4. 04

    Position end time

    This sets where the position sketch ends in time.

    Choose the end date and time shown in UTC, the worldwide time reference.

    Position end time in GainzAlgo drawing properties
  5. 05

    Reached profit color

    This colours the profitable portion already reached by price.

    Choose a colour for reached profit.

    Reached profit color in GainzAlgo drawing properties
  6. 06

    Reached loss color

    This colours the loss portion already reached by price.

    Choose a colour for reached loss.

    Reached loss color in GainzAlgo drawing properties
  7. 07

    Completed TP color

    This colours a completed take-profit result.

    Choose the colour used when a target is completed.

    Completed TP color in GainzAlgo drawing properties
  8. 08

    Completed SL color

    This colours a completed stop-loss result.

    Choose the colour used when a stop is completed.

    Completed SL color in GainzAlgo drawing properties
  9. 09

    Position size in base units

    Size is the number of instrument units in the sketch.

    Enter a non-negative quantity. Profit and loss use that quantity and the price change.

    Position size in base units in GainzAlgo drawing properties
  10. 10

    Take-profit target count

    A position sketch can include more than one target.

    Choose one, two or three targets.

    Take-profit target count in GainzAlgo drawing properties
  11. 11

    Take-profit color

    This colours the target zone of the sketch.

    Choose a clear take-profit colour.

    Take-profit color in GainzAlgo drawing properties
  12. 12

    Stop-loss color

    This colours the stop zone of the sketch.

    Choose a stop-loss colour that differs from the target colour.

    Stop-loss color in GainzAlgo drawing properties
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