User Submitted App Category: Automated Strategies

This is meant as an Example for Strategy Builder. Shows how to build custom RR Profit Targets on Builder.

With these RR Targets, we take the distance between your Initial Entry and your Stop, we then multiply that number by our desired RR ratio and set our profit target.

Example:

• 1RR = 1:1
• 2RR = 2:1
• 3RR = 3:1..so on

This is mainly helpful to those trading with a custom stop size that changes on every trade and you want to keep your targets the same distance in relation to your Stop.

Utilizes a Custom Series in order to perform the calculations required.

Full video example on how to build this:

I see this topic come up every once in a while. This is a template I made that shows how to use ATR to configure the following on Strategy Builder:

• Set multiple Profit Targets
• Set Stop Loss
• Trail your Stop

This video goes into more depth in building the template:

This is not trading advice or a strategy on its own. It is meant to have the Entry conditions modified to fit your own needs or help as a general guide.