SL and TP calculation
2 replies
Rudi van Lent
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?

tomas262
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”
Rudi van Lent
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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