SL/TP configuration
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Hi, I need help setting the Stop Loss (SL) and Take Profit (TP) based on previous candlestick prices. Once the trade is opened, I need the SL to be equal to the highest or lowest of the 15 largest candlesticks. And I need the TP to be 2.5, considering the SL is initially set to 1, so the ratio is 1:2.5.
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Not too sure if this will give you what you want, but market properties high or low over 15 candles, will give you the highest/lowest price has got to over the last 15 candles.
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I'm not sure if that's how it works, I don't think so. If I put that conditional between the EMA crossover and the trade, nothing happens. SLv is a variable, so its value can be modified if the market price is below or above 80 pips, but it's not working for me.
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That will give you the price, so something could cross over it, but it cannot cross over anything