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SL and TP calculation

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Rudi van Lent

Subscriber, bbp_participant, customer, community, sq-ultimate, 3 replies.

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1 week ago #280967

I would appreciate some support with SL and TP settings. I enter long at market and want my SL under the lowest point of the last 3 days. My TP should be at 1.5 RR. What I came up with is this the first image. Which obviously doesn’t work as that can never result in a loss of 10% on one trade. Could somebody please guide me to my mistake?

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tomas262

Administrator, sq-ultimate, 1 replies.

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1 week ago #280975

For the stop-loss do not use pips values.

Simply switch to “price level”. You want it to be Lowest(3)[1] which is a price level not “distance”

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Rudi van Lent

Subscriber, bbp_participant, customer, community, sq-ultimate, 3 replies.

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1 week ago #280999

Thank you, that nails my SL.

On the TP there still seems to be an issue for me. There I want a value in pips but I shouldn’t use ConvertPricetoPips()?

Thanks for your support, first time I try to implement a strategy 😉

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