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03 · Stop loss, take profit y BE
Here you set the stop loss (SL), the take profit (TP) and the break even. The distance between the entry and the SL is called 1R.
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Método de stop lossDefault value: ATR — volatilidad
Decides where the stop lossThe order that closes the trade at a loss if price goes against you. (SL) goes, the order that closes the trade at a loss. Estructura puts it past the last reversalThe point where price changes direction., ATRMeasures how much price moves per candle, on average. — volatilidad follows recent movement and Distancia fija uses your number.
Margen extra de estructuraDefault value: Fijo (%)
Pushes the SLThe order that closes the trade at a loss if price goes against you. a little past the reversalThe point where price changes direction. so a wick doesn't take you out. Fijo (%) adds a percentage of price and ATRMeasures how much price moves per candle, on average. × multiplicador adds a share of volatility.
Margen fijo del SL (%)Default value: 0
The percentage added between the reversalThe point where price changes direction. and the SLThe order that closes the trade at a loss if price goes against you.. The take profitThe order that closes the trade at a profit when price reaches a level. (TP) is calculated from that new distance, so it moves further away too.
Periodo ATRDefault value: 14
ATRMeasures how much price moves per candle, on average. measures how much price moves per candle on average, and here you choose how many candles it's calculated over. The usual value is 14.
Multiplicador ATRDefault value: 1
Multiplies the ATRMeasures how much price moves per candle, on average. to set the SLThe order that closes the trade at a loss if price goes against you. distance or the extra margin. At 1 you use a full ATR and at 0.3 only 30%.
Método de take profitDefault value: R (riesgo)
RThe distance between your entry and your stop loss. (riesgo) puts the TPThe order that closes the trade at a profit when price reaches a level. at a multiple of the distance between the entry and the SLThe order that closes the trade at a loss if price goes against you.. Distancia fija places it at the exact distance you type.
Distancia máxima del SL (%)Default value: 0.5
Skips the entry if the planned SLThe order that closes the trade at a loss if price goes against you. is further than this percentage of price. It protects you from trades with abnormal risk, but it doesn't shorten the SL.
Take profit (R)Default value: 1
Puts the TPThe order that closes the trade at a profit when price reaches a level. at this many times RThe distance between your entry and your stop loss., where 1R is the distance between the entry and the SLThe order that closes the trade at a loss if price goes against you.. At 2R you win twice what you risk if price gets there.
Activar break evenDefault value: Off
Moves the SLThe order that closes the trade at a loss if price goes against you. to your entry price once the trade has moved in your favor. That way, if price comes back, you exit without a loss.
Activación del BE (R)Default value: 1
Sets at how many RThe distance between your entry and your stop loss. the SLThe order that closes the trade at a loss if price goes against you. moves to your entry. It must be lower than Take profitThe order that closes the trade at a profit when price reaches a level. (R); otherwise it never gets to protect you.
See 3 fixed-distance fields
Unidad de distancia fijaDefault value: Puntos de precio
Chooses whether fixed distances are measured in Puntos de precio or TicksThe smallest move a symbol's price can make.. Ticks behaves the same on any symbol, which is why it suits indices.
Distancia fija SLDefault value: 10
The distance between the entry and the SLThe order that closes the trade at a loss if price goes against you. when Método de stop loss is set to Distancia fija. It's measured in the unit you choose.
Distancia fija TPDefault value: 10
The distance between the entry and the TPThe order that closes the trade at a profit when price reaches a level. when Método de take profit is set to Distancia fija. It's measured in the unit you choose.