Utility-assistant in setting that the TakeProfit degree relative into the group StopLoss amount and subsequently transferring the StopLoss degree to breakeven.
You can quickly place the StopLoss level by “dragging” the sequence line to the required space on the graph, as soon as you fix it, the TakeProfit level will be indicated in the specified distance (set in the utility settings).
For effective trading in financial markets, you need to stick to the golden rule: “it’s necessary to set the ratio of TakeProfit to StopLoss 3k1, 4k1, 5k1, etc.” For instance, at the TakeProfit level of 4k1, it is enough to have 25% of positive trades in order to trade without loss.
- order_magic – If the value is “-1”, then TakeProfit is set for all trades if StopLoss is set. If the value is “0”, then TakeProfit is set only for manually opened trades.
- TakeProfit/StopLoss – The ratio of the TakeProfit value to the StopLoss value. For example, if 3k1 is required, the value “3”is set.
- BU-Transfer of the position to breakeven when the price passes the BU value multiplied by the StopLoss value. For example: StopLoss is set to 10 points from the order opening price, TakeProfit/StopLoss is set to 3, i.e. 30 points, if BU=2, then when the price passes 20 points, StopLoss will go to breakeven.