Page 103 - TakePropips Trading Management Solutions

Fixed Points TP3 – this input applies only to TP3. Enter the number of points on this input if you chose
the option “Fixed Points TP” for your take profit calculation. E.g., If you enter 500 on this input and the
Take Profit Calculation is set to “Fixed Points TP”, then the TP will use this setting to calculate the size of
your TP of 50 pips.

Chart Trading Signals (Stop Loss)
This section only applies to the trading signals you see on the chart for manual trading. Any changes on
this section will not apply to auto-trades.

Stop Loss Calculation – allows you to change how the EA calculates the stop loss. This section only
applies to trading signals shown on the chart and not for calculating the take profit on automatic trades.
• Support / Resistance – uses the closest support and resistance level as your stop loss. This is a
good option for dynamic calculation since the SL will be placed at supply/demand zones based
on the current price action of the chart.
• ATR Multiplier - uses the ATR indicator to calculate your stop loss. This is a good option since it
measures your take profit dynamically based on the current volatility of a specific pair. E.g., If
you set the value to 3.0, then it means the SL will be 3x its ATR value.
• Fixed Points - allows you to manually set the number of points for your stop loss. E.g., if you set
the value of this input setting to 200, then the stop loss will be 20 pips. Please remember that
this input setting uses point calculation.

Enable SL Chart Signals - enables the use of a stop loss. If you want to only exit trades when an opposite
signal occurs, disable this setting.

SL ATR Multiplier – enter the ATR multiplier on this input if you chose the option “ATR Multiplier” for
your stop loss calculation. E.g., If you enter 5.0 on this input and the Stop Loss Calculation is set to “ATR
Multiplier”, then the SL will use this setting to calculate the size of your SL of 5x its ATR value.

Fixed Points SL – enter the total points of your stop loss on this input if you chose the option “Fixed
Points” for your stop loss calculation. E.g., If you enter 500 on this input and the Stop Loss Calculation is
set to “Fixed Points”, then the SL will use this setting to calculate the size of your SL of 50 pips. Please
remember that this input setting uses point calculation.

ATR Buffer for Stop Loss (Zero disabled) – adds additional buffer to your stop loss based on the ATR
multiplier that you enter on this input. Example, if you use “Support / Resistance” option as your stop

TakePropips Trading Management Solutions https://www.takepropips.com ©2021-2023 TakePropips, All Rights Reserved. 103