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    SL/TP configuration

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    • T
      Tongy last edited by

      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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      • jstap
        jstap last edited by jstap

        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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        • T
          Tongy last edited by Tongy

          dreeman.png

          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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          • jstap
            jstap last edited by

            That will give you the price, so something could cross over it, but it cannot cross over anything

            Learn fxDreema Without the Wait!

            My comprehensive book, available on Amazon, is packed with examples and invaluable insights to help you fast-track your learning journey.

            The paperback and hardback editions include MT4 & MT5 QR codes for easy access to all prebuilt projects and robots, including my latest gold trading robot!

            Don’t miss out

            Click here➡️ https://mybook.to/fxDreema to get your copy today!

            Enjoy! 😊

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