Let's say i have me EA on
risk set to 100 USD
Last candlestick size is 243 points or 24.3 pips
stoploss multiplier = 2
take profit multiplier = 3
i executed trade just before the market close
my stoploss should be of 48.6 pips (486 points)
take profit should be 72.9 pips (729 points)
i don't have to NECESSARILY change or tell values before any trade, but i can always change these values if i want to
risk set to 100 USD
Last candlestick size is 243 points or 24.3 pips
stoploss multiplier = 2
take profit multiplier = 3
i executed trade just before the market close
my stoploss should be of 48.6 pips (486 points)
take profit should be 72.9 pips (729 points)
i don't have to NECESSARILY change or tell values before any trade, but i can always change these values if i want to