What is a Take Profit order?
It is a type of order that will close (full or partially) the open position of the selected instrument and it has 2 ways of execution (full or partially):
- with Limit Order
- with Market Order
What is Daemon?
It is a feature of the Portfolio Management Software that will add the Take Profit Order (full with limit execution) to your active orders once your limit/market/stop entry orders are executed and it will adjust its contracts number if new orders are filled.