Auto TP and SL Forex

Automation: TP and SL are set ahead of time, so they operate even when you’re not actively monitoring the market.
Risk Management: They promote disciplined trading by limiting your ability to make emotional decisions.
Customization: TP and SL levels depend on your trading strategy, risk tolerance, and prevailing market conditions.
Do you want to learn how to calculate or set good TP and SL levels?
Take Profit (TP)
Definition: A predetermined price level at which a trade automatically closes to lock in the profit.
Purpose: Aids in locking gains when the market reaches a favorable level.
Example: You sell EUR/USD at 1.1000 with a TP at 1.1100. Upon reaching 1.1100, the trade will automatically close, ensuring your profit.
Stop Loss (SL)
Definition: A predetermined price level at which a trade automatically closes to limit the losses.
Purpose: Protects traders from excessive losses if the market moves against their position.
Example: If you buy EUR/USD at 1.1000 and set an SL at 1.0900, the trade will close automatically if the price drops to 1.0900, limiting your loss.