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calculator for TP and SL

  • #1
  • First Post: Nov 23, 2016 4:35am Nov 23, 2016 4:35am
Hi
I was in search of a simple calculator where

the Input would be a set Price
and stop loss = 50 pips (any constant)
and TP= 25 pips (any constant)

and the Output = new prices for S.L & T.P

Example:
Input :
1.06231 ( price at input time)
S.L = 50 pips
T.P= 25 pips

Output:
Long {new prices for S.L 1.05731 & T.P 1.06481}

Thanks
* I have found various position calculators on the net, but not this one.
  • #2
  • Nov 23, 2016 11:53am Nov 23, 2016 11:53am
Quoting radaway
Hi I was in search of a simple calculator where the Input would be a set Price and stop loss = 50 pips (any constant) and TP= 25 pips (any constant) and the Output = new prices for S.L & T.P Example: Input : 1.06231 ( price at input time) S.L = 50 pips T.P= 25 pips Output: Long {new prices for S.L 1.05731 & T.P 1.06481} Thanks * I have found various position calculators on the net, but not this one.
Would a spreadsheet do this for you?
Gone to a better place
  • #3
  • Nov 23, 2016 3:25pm Nov 23, 2016 3:25pm
<Would a spreadsheet do this for you?>

umm..would you happen to have one , I can use as a template ?
  • #4
  • Edited 4:37pm Nov 23, 2016 4:19pm | Edited 4:37pm
Quoting radaway
<Would a spreadsheet do this for you?> umm..would you happen to have one , I can use as a template ?
This spreadsheet will automatically show you Stop Loss and Take Profit.

Attached File(s)
File Type: xlsx stop loss take profit calculator.xlsx   10 KB | 2,474 downloads
You cannot be extraordinary by being normal
  • #5
  • Nov 24, 2016 2:04am Nov 24, 2016 2:04am
Quoting dkrock
{quote} This spreadsheet will automatically show you Stop Loss and Take Profit. {file}

Good work dkrock and thanks.
Gone to a better place
  • #6
  • Nov 24, 2016 2:40am Nov 24, 2016 2:40am
This EA allows u to put in any constant and it will show SL and TP automatically when u set an order
Attached File(s)
File Type: mq4 luktom visual order editor.mq4   14 KB | 1,098 downloads
  • #7
  • Nov 24, 2016 2:44am Nov 24, 2016 2:44am
thanks for this information marian & dkrock !
  • #8
  • Nov 24, 2016 6:35am Nov 24, 2016 6:35am
marian, any reasons that the mq4 will not load in metatrader 4 --see image)
does anybody else face this situation ?
is it dependent on any other indicators ? because I have stripped down the indicator folder to a bare minimum, that I use .?
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 266 KB
  • #9
  • Nov 24, 2016 6:57am Nov 24, 2016 6:57am
Quoting radaway
marian, any reasons that the mq4 will not load in metatrader 4 --see image) does anybody else face this situation ? is it dependent on any other indicators ? because I have stripped down the indicator folder to a bare minimum, that I use .? {image}
It's not an indicator but an expert advisor. You need to put it in the Experts folder. (And if you activate AutoTrading the EA will set SL and TP automatically.)

Check this YouTube video
  • #10
  • Nov 27, 2016 10:59am Nov 27, 2016 10:59am
Thanks for the tools. Really helpful
  • #11
  • Last Post: Dec 4, 2018 10:39am Dec 4, 2018 10:39am
Quoting marian
This EA allows u to put in any constant and it will show SL and TP automatically when u set an order {file}
Hi Marian
Thanks a lot for this EA. It's truly a gem!
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