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Stop loss and take profit helper demo by Mutabor

0.00

The utility is designed for two possible use purposes:

Usage method:
When you run the utility, the default values are configured as follows.

Limitations of the demo version:

  • DEMO account only.

Stops type: 

  1. Default
  2. Manual
  3. Automatic
  • on/off level moving-Enable / disable the movement of levels with the price. (true)
  • when begin move tp/sl levels – The number of points missing to the take profit level. (25 points)

Default settings: 

Stops type: 

  • on/off level moving-Enable / disable the movement of levels with the price. (true)
  • when begin move tp/sl levels – The number of points missing to the take profit level. (25 points)

Default settings: 

  • init SL-Set when opening an order, in points. (200 points)
  • init TP-Set when opening an order, in points. (200 points)
  • TP after move – New value. It is set after the difference in the levels of the first and third parameters is reached. (100 points)
  • SL after move – New value. It is set after the difference in the levels of the first and third parameters is reached. (100 points)

[spoiler title=”Read More…”]

Settings based on automatic levels: 

  • timeframe – any timeframe
  • candles calculation – the number of candles to calculate the levels

The levels are calculated using the following formulas: 

Pivot = (high   close   low)/3 
R1 = (2 * Pivot) - low
S1 = (2 * Pivot) - high
R2 = Pivot   (R1 -S1)
R3 = high   (2* (Pivot - low))
S2 = Pivot - (R1 - S1)
S3 = low - (2*(high - Pivot))
H = high
L = low
U = if the candle is bullish, then close. Otherwise-open
D = if the candle is bullish, then open. Otherwise-close

The levels are calculated using the following formulas: 

include:

6 parameters that include or exclude specific level types from the result and display

draw:

Draws levels


In Manual mode, the movement takes place along the horizontal lines that the user sets. 

If in Automatic and Manual mode there are no levels for setting and moving security orders, then the values init SL and init TP are taken

In Automatic and Manual mode, the new SL and TP values are not configured. The nearest level or default values are taken if there are no levels.

You need to play around with the parameters to accurately select the optimal values for your trading style.

Full version:

[/spoiler]

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