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🎯Take Profit / Stoploss Modes

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βš™οΈ 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.

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🎯 TP/SL Mode

TP / SL Mode Allows you to choose Any indicator to map out TP & SL Levels

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βš™οΈ 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

A Mid line is provided to show the halfway zone between your Take profit & Stoploss areas, you can adjust the distance or use the Reset on TP2 break option, while using either SL1 or SL2 as a running trailing stoploss for your position, You can apply the TP Zones for any Trending indicator along with the Buy / Sell & Long / Short signals

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🧠 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)

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πŸ“ˆ For bullish/long signals:

  • TP levels are placed above the entry price

  • SL levels are placed below the entry price

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πŸ“‰ 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.

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🎯 Trading with TP/SL Levels

There are several ways to utilize these levels in your trading:

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πŸ”Ή 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

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πŸ”Ή Trailing Stop Approach

  • Enter at signal

  • Move stop loss to SL1 when price reaches TP1

  • Trail stop behind price as it moves toward TP2

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πŸ”Ή Risk Management Only

  • Use only the SL levels to define your maximum risk

  • Manage take profits based on your own targets or other indicators

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πŸ”Ή 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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