Profit & Loss Setting

204 December 5, 2023

Profit & Loss Setting

Basic TP/SL Setting

This is the section where you manage all profit and loss. Remember not all trades will hit Take Profit and also not all trades will hit Stop Loss. This is the most crucial section to consider during trading as this will be the key driver in your trade return. The profits or loss has to be well balanced.
  • Profit Behavior: Select Profit Behavior. There are three types of profit behaviors
    • Averaging: Average means, if you multiple buy or sell orders then EA will close all buy or sell trade when you average in profit. For Example, if your TP is 300 points and you have 3 buy trades, so when all three buy trade average in profit 300 points, EA will close all trades. But if you have 1 trade then when that trade in 300 points profit EA will close the trade.
 

KEEP IN MIND - Average work buys or sells trades individually, not buy and sell trade on average.

    • Individual: Individual means, every trade EA will close individually when you have targeted profit.
 
    • Fix GAP From Initial Trade:  EA will all buy or sell trade when your only Initial trade reaches your targeted profit.

KEEN IN MIND - EA will close all buy or sell trade when you only first trade in profit.

    • TakeProfit: Value of a take profit for an initial trade. (It is in points)
    • Loss Behavior: Select Loss Behavior. There are three types of profit behaviorsLoss Behavior is the same as how Profit Begavior works. Just different is Profit work when you trade in profit and loss works opposite of how profit work.
    • StopLoss: Value of a stop loss for an initial trade. (It is in points)Keep in mind - Above all TP and SL will be fellow both initial trade and grid trade. And all TP and SL are visual so the broker will not see your TP and SL line.
 
  • Hard TP For Initial Trade: You can set hard TP only for initial trade. This TP will not be set on grid trade. This TP is hard TP so the broker can see your TP level.
  • Hard SL For Initial Trade: You can set hard SL only for initial trade. This TP will not be set on grid trade.  This SL is hard SL so the broker can see your SL level.

Note- By Default, EA use all TakeProfit/StopLoss are visaul. That means only EA can close itself on your select TP/SL level. But there are option you can use Hard TP/SL only for initial trade. You can use it when your don't use Grid trade, because grid trade will not work with hard TP/SL.

 
  • Profit In Currency: Profit can be also measured in money by defining the amount in currency in profit you wish to close your trade with.
  • Profit In Currency, After Number Of Order: "Currency in profit", active after this number of order reach. For example, you set After Number of Order = 6 and Profit in Currency = 6 that means when you total buy or sell order profit 6$ + total buy/sell order more than 6 orders then EA will close all buy or sell trade
  • Loss In Currency: Same as Profit In Currency, Just work with loss.
  • Loss In Currency, After Number Of Order: Same as Profit In Currency, After Number Of Order, Just work with loss.
 
  • Profit In Currency (For BothSide): Above Profit in Currency/Loss in Currency work with a single side like only buy-side or only sell-side.  Profit In Currency (For BothSide) works with both sides. For example, you set Profit In Currency (For BothSide)=6$ means when both buy and sell trade make profit >=6$ then EA will close all buy and sell trade.
  • Loss In Currency (For BothSide): Same as  Profit In Currency (For BothSide). Just work with loss.