🎯Take Profit / Stoploss Modes
⚙️ Settings
None: Disable TP/SL display
Long | Short: Based on Long/Short signals
Signals: Based on Buy/Sell signals
Trend Sniper: Based on Trend Sniper direction changes
Nova Trend: Based on Nova Trend direction changes
Phantom Cloud: Based on Phantom Cloud direction changes
EZ Wave: Based on EZ Wave direction changes
TP/SL Mode: Choose which signal or indicator should trigger Take Profit / Stop Loss levels.
🎯 TP/SL Mode
⚙️ TP/SL Settings
Distance: Controls how far TP/SL levels are placed from entry price (multiplier of ATR)
Line Extension: How many bars the lines extend into the future
Line Style: Choose between Dotted, Dashed, or Solid lines
Reset on Break: When enabled, TP/SL levels reposition if price breaks through TP2 or SL2
Show Fill: Enable to highlight the areas between TP1/TP2 and SL1/SL2
Show Labels: Display TP1, TP2, SL1, and SL2 labels
Show Mid Line: Display a line centered between SL1 and TP1
Show Running TP: Display Take Profit markers regardless of signal visibility
🧠 How It Works
When a signal appears (based on your selected TP/SL Mode), the system calculates four exit levels:
TP1: First take profit target (0.5x ATR multiple from entry)
TP2: Second take profit target (1x ATR multiple from entry)
SL1: First stop loss level (0.5x ATR multiple from entry)
SL2: Second stop loss level (1x ATR multiple from entry)
📈 For bullish/long signals:
TP levels are placed above the entry price
SL levels are placed below the entry price
📉 For bearish/short signals:
TP levels are placed below the entry price
SL levels are placed above the entry price
When Reset on Break is enabled, the levels automatically reposition if price breaks through extreme levels, maintaining the same signal direction.
🎯 Trading with TP/SL Levels
There are several ways to utilize these levels in your trading:
🔹 Full Position Management
Enter at signal
Take partial profits at TP1
Take remaining profits at TP2
Set stop loss at SL1 or SL2 depending on risk tolerance
🔹 Trailing Stop Approach
Enter at signal
Move stop loss to SL1 when price reaches TP1
Trail stop behind price as it moves toward TP2
🔹 Risk Management Only
Use only the SL levels to define your maximum risk
Manage take profits based on your own targets or other indicators
🔹 Dynamic Zones
Use the filled areas between TP1–TP2 and SL1–SL2 as probability zones
The further price moves into these zones, the higher the probability of reaching the extreme level
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