Stop Loss & Take Profit
Stop Loss
The stop loss is placed at trade entry and defines the maximum risk on the position. Three calculation methods are available via SL Method:
SL Method | What it does |
|---|---|
R:R (Candle Range) | SL = signal candle range × SL Value |
ATR | SL = ATR(ATR Period) × SL Value |
Pips | SL = fixed SL Value pips |
Recommended default: R:R with SL Value = 1.0 — the SL equals the signal candle's range, placed below the candle low (BUY) or above the candle high (SELL).
SL buffers
Additional pip padding is added to the raw SL distance:
| Input | Default | Applies to |
|---|---|---|
Buy Stop Loss Buffer | 0.1 pips | BUY trades |
Sell Stop Loss Buffer | 1.0 pips | SELL trades |
SL distance limits
| Input | Default | Effect |
|---|---|---|
Minimum SL Distance | 3.0 pips | Signal rejected if calculated SL < this value |
Maximum SL Distance | 0 (disabled) | Signal rejected if calculated SL > this value |
Set Maximum SL Distance to e.g. 200 on JPY pairs to prevent abnormally wide stops after news events.
Take Profit
TP Method | What it does |
|---|---|
R:R | TP = SL distance × TP Value (e.g. 3.0 = 3R target) |
ATR | TP = ATR × TP Value |
Pips | TP = fixed TP Value pips |
Disabled | No TP level — trade managed by trailing / break-even only |
Recommended default: ATR with TP Value = 5.0 — TP placed 5× ATR from entry.
Set a higher TP multiplier (e.g. ATR × 8) and use partial close levels to lock in profit at earlier targets, leaving a runner for the full TP distance.
ATR Period
ATR Period (default 20) controls the ATR period used across all ATR-based calculations: SL, TP, break-even, partial close, and trailing stop. All management features share this single ATR value.