how to put stop below candle ID1 and equal or X2 tp ?

[mcarl42]

looking at a breakout strategy where stops out below breakout candle and create = TP OR x2 1:2 TP ????

[l'andorrà]

I'm afraid I don't fully undertand what you need. Are you asking for a blok doing that or a logic to create that condition?

[trader.philipps]

@l-andorrà My crystal ball says: How can I set SL on low of candle ID1. I want to measure how far that SL is and set same distance as TP or a multiplied value of the distance (eg times 2).

[l'andorrà]

@trader-philipps said in how to put stop below candle ID1 and equal or X2 tp ?:

@l-andorrà My crystal ball says: How can I set SL on low of candle ID1. I want to measure how far that SL is and set same distance as TP or a multiplied value of the distance (eg times 2).

I envy tyour crystal ball, my friend. I'm not so sure that's what he meant. It could also mean that TP is just half that distance.

[mcarl42]

haha i was just looking through the posts and found this.. i dont quite know what i meant . place a sl like 3 pips below id 1 i guess. you know how theres a % of sl tp in the buy block just thinking it would be good to place stop loss 3 pips below id1 and target of 2 to 3 x in theory.

[mcarl42]

that doesn't make sense sorry . recent low couple a pips below recent low . too many beers.ha

[l'andorrà]

Damn! I was sure I was right XD.