Weβre excited to announce the release of Algomojo Version 1.0.3.4, featuring two highly anticipated enhancements to elevate your options strategy automation β Lock Profit and Trail Profit.
These features are built to give traders greater control over profit protection and dynamic exit management in live market conditions.
π Lock Profit β Secure Your Gains Smartly
Lock Profit allows you to automatically secure a fixed amount of profit once your strategy reaches a certain profit threshold.
π‘ How It Works:
- Set a Trigger Lock Level β the profit value at which locking begins.
- Define a Lock Minimum Profit β the fixed profit you want to secure once the trigger is reached.
- Once triggered, the system ensures your profit doesnβt fall below the locked amount, regardless of market movement.
π Example:
If you set a Trigger Lock at βΉ5,000 and Lock Minimum Profit at βΉ3,000 β as soon as your strategy hits βΉ5,000, the system ensures βΉ3,000 remains protected even if the market reverses.
π Trail Profit β Ride the Trend Further
Trail Profit adds an advanced layer of control after locking profit. It enables your locked profit to grow further in defined steps as the overall profit increases.
π‘ How It Works:
- Set a Profit Step β how much the profit must increase before updating the lock.
- Set a Trail Amount β how much to increase the locked profit when the step is reached.
π Example:
- Profit Step: βΉ1,000
- Trail Amount: βΉ500
After locking βΉ3,000, when the profit reaches βΉ6,000 (i.e., 3 profit steps), the locked amount increases to βΉ4,500.
π‘ Note: This is separate from Trailing Stop Loss (TSL). Trail Profit adjusts locked profits, not SL positions.
π₯οΈ UI Enhancements
Weβve made intuitive updates to the strategy configuration screen to include:
- Toggle switches for enabling/disabling Lock and Trail Profit
- Easy-to-understand input fields for each control
- Clean tooltips to guide configuration
π― Why This Matters
These features are especially useful for:
- Positional options strategies where profits fluctuate during holding period
- Trend-following strategies that aim to ride gains longer
- Traders who want more automation with built-in risk protection
π Ready to Use?
Log in to your Algomojo dashboard, navigate to your strategy setup, and start using the new Lock Profit and Trail Profit settings under the Exit Management section.
π Explore Full Release Notes Β»
π Whatβs Next?
Weβre constantly improving Algomojo based on trader feedback. Stay tuned for more intelligent execution controls and integrated analytics in the upcoming releases.
Trade smart. Stay secure. Maximize your edge β with Algomojo.