> For the complete documentation index, see [llms.txt](https://angel-algorithm.gitbook.io/angelalgo/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://angel-algorithm.gitbook.io/angelalgo/toolkits/angel-algo-signals-and-metrics-tm/position-management.md).

# Position Management

## Position Management Settings

**None:**

* **Description:** No automatic position management is applied. Traders must manually set and adjust stop-loss (SL) and take-profit (TP) levels.
* **Usage:** Suitable for traders who prefer full control over trade management decisions and are actively monitoring their positions.

**Dynamic SL/TP:**

<figure><img src="/files/4W7xUz8oZqDIv1u1IIku" alt=""><figcaption></figcaption></figure>

* **Description:** This feature automatically adjusts the stop-loss and take-profit levels based on market conditions, such as volatility and price movements.
* **Usage:** Ideal for traders who want to optimize trade outcomes by dynamically adapting to changing market dynamics without the need for constant manual adjustments.

**Manual SL/TP:**

<figure><img src="/files/QpWM1X4nFEOPCgkqoGHI" alt=""><figcaption></figcaption></figure>

* **Description:** Traders have the flexibility to manually set their stop-loss and take-profit levels according to their trading strategy and risk tolerance.
* **Usage:** Provides full control over trade management decisions, allowing traders to implement their preferred SL/TP levels based on their analysis and risk management approach.

**Maximum Profit:**

<figure><img src="/files/UGA6v4VNzjCN7jpZhcLN" alt=""><figcaption></figcaption></figure>

* **Description:** Designed to maximize profits by trailing stop-loss levels to lock in gains as the trade moves in favor of the trader.
* **Usage:** Helps capitalize on favorable price movements while protecting profits in case of reversals, making it suitable for traders aiming to optimize profitability while managing risk.

Choose the position management option that best suits your trading style, risk tolerance, and objectives. Each setting offers distinct advantages and caters to different trading preferences.