How to Set SL at last Swing Low/Swing High Price
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Hi I have a condition box (using basic indicators) which has a crossover Signal for BUY trade and SELL Trade.
I want to set SL at a price level which is at a Swing Low (formed in recent past candles when the trade is opened) and if there is a BUY Signal then set SL at a Swing High (formed in recent past candles when the trade is opened).Also I want to Set my TP Level according to the Multiple factor (Risk to reward) the SL is away from Opening price(+Spread), so TP is set as per the RR ratio i Set.
Can I make a Indicator which has SL and TP as buffers ? But then How I will use the Buffer value to set in SL and TP in the BUY and SELL Order Box ?
Please the Experts in Fxdreema Help me how to do it. I have some knowledge of CHATGPT, DeepSeek, Copilot and can create the indicator to give SL and TP Prices I guess it can be stored in a buffer with some effort, but even them to use it as SL and TP in Fxdreema could be done easily ?
Or I am thinking in wrong way so please experts here guie me how to do this. Thanks I appreciate the Help I get from all the Experts who reply to People in Questions forum as I have also got help earlier. Thanks Again
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I'm afraid fxDreema is desinged to create bots, not indicators. You will have to use a different software to create that indicator.