> ## Documentation Index > Fetch the complete documentation index at: https://docs.luxalgo.com/llms.txt > Use this file to discover all available pages before exploring further. # Exit Conditions Users can close any position on a profit or loss using specific crossing conditions obtained from a user-selected external source and/or by using our builtins exits. Exit conditions can be enabled in the **EXIT CONDITIONS** settings section. ## External Exits ### Exit Take Profit Long/Short take profits exit conditions will exit a long or short position when a set condition is met such that the position exits on a profit. Take profits conditions are triggered if they are toggled on for a specific order (Long/Short) and if the selected external source is either **Crossing**, **Crossing Up**, or **Crossing Down**, **Greater Than**, **Lower Than**, or **Equal** to the numerical value specified by the user. ### Exit Stop Losses Long/Short stop-losses exit conditions will exit a long or short order when a set condition is met such that the position exits on a loss. Stop losses conditions are triggered if they are toggled on for a specific order (Long/Short) and if the selected external source is either **Crossing**, **Crossing Up**, or **Crossing Down**, **Greater Than**, **Lower Than**, or **Equal** to the numerical value specified by the user. ### Placeholders Exit Long Take Profit when closing price cross the upper Bollinger band extremity Users who do not wish to use a numerical value to evaluate a condition with an external source may use a placeholder instead, which allows price data to be used. The following placeholders are supported: * `open` : Opening price * `high` : High price * `low` : Low price * `close` : Closing price * `hl2` : Median price * `ohlc4` : Average price * `hlc3` : Typical price * `hlcc4` : Weighted price ## Builtins Exits Built-in exits are included for the selected signal algorithm, these are the same as the ones present in the Signals & Overlays® toolkit and can be used in the Backtester to exit positions. Built-in exits will always exit a position on a profit. ## Time Exits Time exits allow users to exit trade at a specific time of the day. Note that trades are still exited at the opening of the next bar. The timezone is the same as the one on the chart symbol. ## Exit On Signal Enabling the **Exit On Signal** setting will close any position once a new confirmation or contrarian signal is generated (if enabled). ## Exit on Entry Enabling the **Exit On Entry** setting will close any existing position when an entry condition leading to a new opposite position is met. ## Partial Exits Users can exit a percentage of an existing position by specifying a percentage lower than 100%. This can lead to sequential exits, with reduced exposure each time an exit is triggered.