Stop-loss and Take Profit indicator is a complete trading solution that traders would love to have. It tells you the exact entry and exit points on the chart. The indicator displays your account information and potential entry, trend bias, stop-loss and three take profit levels.
The information panel also shows the risk-reward ratio for each take profit level. The indicator marks these levels on the chart in the form of horizontal lines and the labeling.
Features of the Stop-loss and Take Profit Indicator
The indicator comes with the following features:
- Previous day’s low and high: The indicator shows you the previous day’s low and high levels. You can use them as support and resistance levels.
- Trend: The indicator tells you whether the market is in bullish trend or bearish trend. You can scan the trend for every timeframe in a second.
- Entry price: The indicator displays the entry level on your chart and also displays it on the information panel at top left.
- Stop-loss: You can see the stop-loss level on your chart.
- Take profit: You can find three take profit levels with risk-reward ratio. The first level is normal while second and third are aggressive and high aggressive.
How the Indicator Can Benefit You?
Many traders keep searching for trading signals. You can get signals for any asset and any timeframe using the Stop-loss and Take Profit indicator. You can use these signals as a confirmatory analysis or you can use it as a standalone indicator for your trading.
You can test the signals on one currency pair and one timeframe to assess the performance. Once you have confidence in the system, you can replicate trades on your real account.
Indicator Settings Description
There is no specific settings for the indicator except choosing the colors.
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