Forex Software — Risk/Reward Take Profit/Stop Loss

Re: Risk/Reward Take Profit/Stop Loss

null@example.com (Blaiserboy) — Wed, 25 Apr 2012 20:51:21 +0000

My thinking is that generator can locate optimum solutions, but we have to set a couple parameters so that it does not seek solutions that are not realistic. and that is why I am asking for some limits to be imposed.... I guess you are correct, better to adjust generator instead of indicators.

Thanks for replies

Re: Risk/Reward Take Profit/Stop Loss

null@example.com (Popov) — Wed, 25 Apr 2012 20:45:17 +0000

I understood now. You are speaking about Generator and linked slots .
Setting StopLoss / TakeProfit ratio is a good idea. It may be a Generator option instead of an indicator. If we manage to incorporate such an option, Generator may keep that ratio between Permanent SL / TP, SL, TP and Stop Limit indicators.

Re: Risk/Reward Take Profit/Stop Loss

null@example.com (Blaiserboy) — Wed, 25 Apr 2012 20:28:53 +0000

Popov wrote:

stop loss and take profit in closing point of position
It's available. Indicator is called Stop Limit.

I am using that indicator at this time with the 'chain' and at this minute it is showing stop loss at 381 and take profit at 458, I would be very uncomfortable using those numbers on a 15 minute chart.

I would like to be able to restrict those to say 100 or 200 instead of letting them run up to high values.

Re: Risk/Reward Take Profit/Stop Loss

null@example.com (Popov) — Wed, 25 Apr 2012 20:24:05 +0000

stop loss and take profit in closing point of position

It's available. Indicator is called Stop Limit.

Risk/Reward Take Profit/Stop Loss

null@example.com (Blaiserboy) — Wed, 25 Apr 2012 20:05:28 +0000

This may be in the wrong place, please move it if required.

I would like to be able to set a ratio between stop loss and take profit so that they could be say 3:1 or 10:1, at the choice of the trader.....

I would like to be able to set the range of the stop loss and take profit so that we are not getting take profit of a large number.....

I would like to see a combination of break even and stop loss and take profit in closing point of position as the present configuration does not give us control when the 'chain' is used......

I wonder if those could be incorporated as one indicator

Thanks