Stop Loss & Take Profit Configuration Guide

📋 Overview

RedFox Copier Pro offers flexible SL (Stop Loss) and TP (Take Profit) configuration with multiple calculation modes. You can use signal values directly, apply fixed values, calculate based on ATR (Average True Range), or use Risk-Reward ratios.

Key Capabilities:

  • 4 SL modes: SAME_AS_SIGNAL, FIXED, ATR_BASED, RR_BASED

  • 4 TP modes: SAME_AS_SIGNAL, FIXED, ATR_BASED, RR_BASED

  • Support for multiple TP levels (TP1, TP2, TP3)

  • Dynamic ATR calculation

  • Flexible Risk-Reward ratios

⚙️ Stop Loss Settings

1. SL_Mode

SL_Mode = SAME_AS_SIGNAL | FIXED | ATR_BASED | RR_BASED

SAME_AS_SIGNAL (Default)

Behavior: Uses SL value directly from Telegram signal.

Example Signal:

📊 EURUSD BUY @ 1.0850
SL: 1.0800
TP: 1.0900

Result:

EA opens: BUY EURUSD @ 1.0850
Stop Loss: 1.0800 (exactly as signal)

When to use:

  • Trust signal provider's SL placement

  • Signal provider has good risk management

  • Signals include optimal SL values

Pros:

  • ✅ Respects signal provider's analysis

  • ✅ No additional calculation needed

  • ✅ Simple and reliable

Cons:

  • ❌ No customization

  • ❌ May not fit your risk tolerance

FIXED Mode

Behavior: Replaces signal SL with your fixed pip/point value.

Settings:

SL_Mode = FIXED
SL_Fixed_Pips = 50  // 50 pips for all orders

Example:

Signal: GBPUSD BUY @ 1.2700, SL: 1.2650 (50 pips)
Your Setting: SL_Fixed_Pips = 30

Result:
Opens: BUY @ 1.2700
Stop Loss: 1.2670 (30 pips, overrides signal's 50)

When to use:

  • Consistent SL distance for all trades

  • Signal SL too wide/tight for your strategy

  • Backtesting different SL values

Configuration Examples:

Tight SL (Scalping):

SL_Fixed_Pips = 15  // 15 pips

Medium SL (Day Trading):

SL_Fixed_Pips = 50  // 50 pips

Wide SL (Swing Trading):

SL_Fixed_Pips = 200  // 200 pips

Important:

  • Value in pips for Forex (0.0001 for EUR, 0.01 for JPY)

  • Value in points for Gold/Indices (e.g., 50 = $5 for XAUUSD)

ATR_BASED Mode

Behavior: Calculates SL based on market volatility using Average True Range.

Settings:

SL_Mode = ATR_BASED
SL_ATR_Period = 14      // ATR calculation period
SL_ATR_Multiplier = 1.5  // ATR multiplier
SL_ATR_Timeframe = PERIOD_H1  // Timeframe for ATR

Formula:

SL Distance = ATR(Period, Timeframe) × Multiplier

Example:
ATR(14, H1) = 40 pips
Multiplier = 1.5
SL Distance = 40 × 1.5 = 60 pips

Real Example:

Signal: EURUSD BUY @ 1.0850
ATR(14, H1) = 35 pips
Multiplier = 2.0

Calculation:
SL Distance = 35 × 2.0 = 70 pips
Stop Loss = 1.0850 - 0.0070 = 1.0780

When to use:

  • Want SL to adapt to market volatility

  • Wider SL in volatile markets, tighter in calm markets

  • Professional risk management approach

Timeframe Selection:

Timeframe
Use Case
Typical ATR

M15

Scalping

10-20 pips

H1

Day trading

30-50 pips

H4

Swing trading

60-100 pips

D1

Position trading

100-200 pips

Multiplier Guidelines:

Multiplier
Risk Level
Description

0.5 - 1.0

Tight

Frequent SL hits, quick exits

1.0 - 2.0

Balanced

Good balance of protection

2.0 - 3.0

Wide

More room, fewer false stops

> 3.0

Very Wide

Use with caution

Configuration Examples:

Conservative (Scalping):

SL_ATR_Period = 14
SL_ATR_Multiplier = 1.0
SL_ATR_Timeframe = PERIOD_M15

Balanced (Day Trading):

SL_ATR_Period = 14
SL_ATR_Multiplier = 1.5
SL_ATR_Timeframe = PERIOD_H1

Aggressive (Swing Trading):

SL_ATR_Period = 20
SL_ATR_Multiplier = 2.5
SL_ATR_Timeframe = PERIOD_H4

RR_BASED Mode

Behavior: Calculates SL based on desired Risk-Reward ratio using TP distance.

Settings:

SL_Mode = RR_BASED
RR_Ratio = 2.0  // Risk-Reward ratio (TP:SL)

Formula:

SL Distance = TP Distance / RR_Ratio

Example:
TP Distance = 100 pips
RR_Ratio = 2.0
SL Distance = 100 / 2.0 = 50 pips

Real Example:

Signal: XAUUSD BUY @ 2650
TP: 2700 (50 points distance)
RR_Ratio = 2.5

Calculation:
SL Distance = 50 / 2.5 = 20 points
Stop Loss = 2650 - 20 = 2630

When to use:

  • Want consistent risk-reward ratios

  • Professional trading with defined RR targets

  • Risk management based on profit targets

RR Ratio Guidelines:

RR Ratio
SL vs TP
Win Rate Needed

1:1

Equal

50%

1:2

SL half of TP

34%

1:3

SL third of TP

26%

1:5

SL 1/5 of TP

17%

Note: Higher RR = Tighter SL = More frequent stops. Lower win rate acceptable.

🎯 Take Profit Settings

2. TP_Mode

TP_Mode = SAME_AS_SIGNAL | FIXED | ATR_BASED | RR_BASED

All modes work identically to SL modes but calculate TP instead.

SAME_AS_SIGNAL (Default)

Behavior: Uses TP values directly from signal (TP1, TP2, TP3).

Example Signal:

GBPUSD SELL @ 1.2700
TP1: 1.2650 (50 pips)
TP2: 1.2600 (100 pips)
TP3: 1.2550 (150 pips)

Result:

EA opens 3 orders with exact TP levels:
Order 1: TP @ 1.2650
Order 2: TP @ 1.2600
Order 3: TP @ 1.2550

FIXED Mode

Settings:

TP_Mode = FIXED
TP_Fixed_Pips = 100  // 100 pips for all TP

Example:

Signal: EURUSD BUY @ 1.0850
Your Setting: TP_Fixed_Pips = 80

Result:
Opens: BUY @ 1.0850
Take Profit: 1.0930 (80 pips, ignores signal TP)

When to use:

  • Consistent profit targets

  • Signal TPs don't match your strategy

  • Testing different TP distances

ATR_BASED Mode

Settings:

TP_Mode = ATR_BASED
TP_ATR_Period = 14
TP_ATR_Multiplier = 2.0
TP_ATR_Timeframe = PERIOD_H1

Formula:

TP Distance = ATR(Period, Timeframe) × Multiplier

Example:
ATR(14, H1) = 40 pips
Multiplier = 2.0
TP Distance = 40 × 2.0 = 80 pips

When to use:

  • Profit targets based on volatility

  • Higher TP in volatile markets

  • Professional adaptive trading

Configuration Example:

TP_ATR_Multiplier = 2.0  // TP is 2x ATR
SL_ATR_Multiplier = 1.0  // SL is 1x ATR
// Results in 2:1 RR ratio

RR_BASED Mode

Settings:

TP_Mode = RR_BASED
RR_Ratio = 2.0

Formula:

TP Distance = SL Distance × RR_Ratio

Example:
SL Distance = 50 pips
RR_Ratio = 2.0
TP Distance = 50 × 2.0 = 100 pips

Real Example:

Signal: EURUSD BUY @ 1.0850
SL: 1.0800 (50 pips)
RR_Ratio = 3.0

Calculation:
TP Distance = 50 × 3.0 = 150 pips
Take Profit = 1.0850 + 0.0150 = 1.1000

When to use:

  • Enforce minimum RR ratio

  • Professional risk management

  • Consistent profitability targets

📊 Multiple TP Levels

3. Number_TP_Level

Number_TP_Level = 1 | 2 | 3

Controls how many TP levels to use.

Single TP (Number_TP_Level = 1)

Behavior: Opens one order per signal with one TP.

Example:

Signal: XAUUSD BUY, TP1: 2700, TP2: 2720
Setting: Number_TP_Level = 1

Result:
Opens: 1 order with TP @ 2700 (only TP1 used)

When to use:

  • Simple trading, one profit target

  • Signals rarely have multiple TPs

  • Reduced order count

Dual TP (Number_TP_Level = 2)

Behavior: Opens two orders, each with different TP level.

Example:

Signal: EURUSD SELL, TP1: 1.0800, TP2: 1.0750
Setting: Number_TP_Level = 2

Result:
Order 1: TP @ 1.0800 (TP1)
Order 2: TP @ 1.0750 (TP2)

When to use:

  • Partial profit taking strategy

  • Balance risk and reward

  • Most common configuration

Triple TP (Number_TP_Level = 3)

Behavior: Opens three orders with three TP levels.

Example:

Signal: GBPUSD BUY
TP1: 1.2750 (50 pips)
TP2: 1.2800 (100 pips)
TP3: 1.2850 (150 pips)

Setting: Number_TP_Level = 3

Result:
Order 1: TP @ 1.2750
Order 2: TP @ 1.2800
Order 3: TP @ 1.2850

When to use:

  • Maximum profit potential

  • Strong trending signals

  • Accept more order management complexity

Note: If signal only has 2 TPs but you set Number_TP_Level = 3, EA only opens 2 orders.

🔧 Advanced Settings

4. SkipOrderWithoutTP

SkipOrderWithoutTP = true | false

Purpose: Control whether to open orders when signal has no TP.

When true:

Signal: EURUSD BUY @ 1.0850, SL: 1.0800, TP: (none)
Result: ⚠️ Signal skipped (logged as "No TP level found")

When false:

Signal: EURUSD BUY @ 1.0850, SL: 1.0800, TP: (none)
Result: ✅ Opens order without TP (manual management needed)

Recommendation:

  • true (default): Safer, enforces TP requirement

  • false: Use only if you manually manage exits

5. MinSLPips / MaxSLPips

MinSLPips = 5   // Minimum SL distance
MaxSLPips = 500 // Maximum SL distance

Purpose: Validate calculated SL is within acceptable range.

Example:

MinSLPips = 10
MaxSLPips = 200

Scenario 1: Calculated SL = 5 pips
Result: ⚠️ Order rejected (too tight, below minimum)

Scenario 2: Calculated SL = 100 pips
Result: ✅ Order accepted (within range)

Scenario 3: Calculated SL = 300 pips
Result: ⚠️ Order rejected (too wide, above maximum)

When to use:

  • Prevent extremely tight SL (broker limitations, spread)

  • Prevent extremely wide SL (risk management)

  • Validate ATR-based calculations

Broker Considerations:

Broker Type
Min SL Recommended

ECN/Low Spread

3-5 pips

Standard

10-15 pips

High Spread

20-30 pips

Symbol-Specific:

Symbol
Min SL
Max SL

EURUSD

5 pips

200 pips

GBPUSD

10 pips

300 pips

XAUUSD

20 points

500 points

US30

50 points

2000 points

6. MinTPPips / MaxTPPips

MinTPPips = 10   // Minimum TP distance
MaxTPPips = 1000 // Maximum TP distance

Same validation logic as SL but for Take Profit.

💼 Real-World Configuration Examples

Example 1: Copy Signals Exactly

Goal: Trust signal provider completely.

Configuration:

SL_Mode = SAME_AS_SIGNAL
TP_Mode = SAME_AS_SIGNAL
Number_TP_Level = 3
SkipOrderWithoutTP = true

Result: Exact copy of all signal values.

Example 2: Fixed Risk-Reward

Goal: 50 pip SL, 100 pip TP on all trades.

Configuration:

SL_Mode = FIXED
SL_Fixed_Pips = 50

TP_Mode = FIXED
TP_Fixed_Pips = 100

Number_TP_Level = 1

Result: Consistent 2:1 RR ratio, one TP per signal.

Example 3: Volatility-Based (Professional)

Goal: Adapt SL/TP to market conditions using ATR.

Configuration:

SL_Mode = ATR_BASED
SL_ATR_Period = 14
SL_ATR_Multiplier = 1.5
SL_ATR_Timeframe = PERIOD_H1

TP_Mode = ATR_BASED
TP_ATR_Period = 14
TP_ATR_Multiplier = 3.0  // 2:1 RR (3.0 / 1.5)
TP_ATR_Timeframe = PERIOD_H1

Number_TP_Level = 1

Result:

  • Calm market: Tight SL/TP (e.g., 20/40 pips)

  • Volatile market: Wide SL/TP (e.g., 80/160 pips)

Example 4: Enforce Minimum RR

Goal: Use signal TPs but ensure 2:1 minimum RR.

Configuration:

SL_Mode = SAME_AS_SIGNAL

TP_Mode = RR_BASED
RR_Ratio = 2.0

Number_TP_Level = 2

Example:

Signal: GBPUSD BUY @ 1.2700
SL: 1.2650 (50 pips)
TP1: 1.2750 (signal value ignored)

Calculation:
TP Distance = 50 × 2.0 = 100 pips
TP1: 1.2800 (calculated)

Example 5: Scalping Setup

Goal: Tight SL/TP for quick trades.

Configuration:

SL_Mode = ATR_BASED
SL_ATR_Period = 14
SL_ATR_Multiplier = 0.8
SL_ATR_Timeframe = PERIOD_M15

TP_Mode = RR_BASED
RR_Ratio = 1.5

Number_TP_Level = 1
MinSLPips = 5
MaxSLPips = 30

Result: 5-15 pip SL, 1.5:1 RR, M15 volatility-based.

Example 6: Swing Trading Setup

Goal: Wide SL/TP for long-term positions.

Configuration:

SL_Mode = ATR_BASED
SL_ATR_Period = 20
SL_ATR_Multiplier = 2.5
SL_ATR_Timeframe = PERIOD_H4

TP_Mode = ATR_BASED
TP_ATR_Period = 20
TP_ATR_Multiplier = 5.0  // 2:1 RR
TP_ATR_Timeframe = PERIOD_H4

Number_TP_Level = 2
MinSLPips = 50
MaxSLPips = 500

Result: 100-200 pip SL, 200-400 pip TP, H4 trend-based.

⚠️ Common Mistakes

❌ Mistake 1: ATR Timeframe Mismatch

Bad:

Trading Style: Scalping (M5 signals)
SL_ATR_Timeframe = PERIOD_D1  // Daily ATR too wide!

Good:

Trading Style: Scalping
SL_ATR_Timeframe = PERIOD_M15  // Match trading timeframe

❌ Mistake 2: Unrealistic RR Ratios

Bad:

RR_Ratio = 10.0  // 10:1 requires only 9% win rate (unrealistic!)

Good:

RR_Ratio = 2.0 - 3.0  // Balanced and achievable

❌ Mistake 3: No SL Validation

Bad:

MinSLPips = 0  // No minimum!
MaxSLPips = 0  // No maximum!
// Result: 1 pip SL accepted = instant stop out

Good:

MinSLPips = 10
MaxSLPips = 200

❌ Mistake 4: Fixed Values for All Symbols

Bad:

SL_Fixed_Pips = 50  // Same for EURUSD and XAUUSD
// EURUSD: 50 pips = $5/lot (OK)
// XAUUSD: 50 points = $50/lot (too wide!)

Good: Use ATR_BASED or separate EA instances per symbol group.

❌ Mistake 5: Too Many TP Levels

Bad:

Number_TP_Level = 3
Signal rarely has TP2/TP3
// Result: Most signals only open 1 order anyway

Good: Match your setting to signal provider's format.

✅ Best Practices

✅ 1. Start Simple

  • Begin with SAME_AS_SIGNAL for both SL and TP

  • Get comfortable with signal provider's style

  • Add customization later if needed

✅ 2. Match Timeframes

Scalping (M5): ATR_Timeframe = M15
Day Trading (H1): ATR_Timeframe = H1
Swing Trading (H4): ATR_Timeframe = H4/D1

✅ 3. Test RR Ratios

  • Backtest different ratios (1.5, 2.0, 3.0)

  • Find optimal for your signal provider

  • Consider win rate vs RR tradeoff

✅ 4. Use Min/Max Validation

  • Always set MinSLPips/MaxSLPips

  • Prevent extreme values

  • Symbol-specific settings preferred

✅ 5. Document Your Logic

Configuration Notes:
Date: 2024-10-28
SL_Mode: ATR_BASED (1.5x H1)
TP_Mode: RR_BASED (2.0)
Reason: Want volatility-based SL, enforce 2:1 RR
Review Date: 2024-11-15

🎯 Strategy Combinations

Conservative Trader

SL_Mode = ATR_BASED (Multiplier: 2.0, Wide SL)
TP_Mode = RR_BASED (RR_Ratio: 1.5, Modest target)
Number_TP_Level = 1

Aggressive Trader

SL_Mode = FIXED (Tight SL: 20 pips)
TP_Mode = RR_BASED (RR_Ratio: 3.0, High target)
Number_TP_Level = 1

Balanced Trader

SL_Mode = ATR_BASED (Multiplier: 1.5)
TP_Mode = ATR_BASED (Multiplier: 3.0)  // 2:1 RR
Number_TP_Level = 2

Signal Follower

SL_Mode = SAME_AS_SIGNAL
TP_Mode = SAME_AS_SIGNAL
Number_TP_Level = 3

📊 Performance Comparison

Test Period: 3 months, 200 signals

Configuration
Win Rate
Avg RR
Profit
Drawdown

SAME_AS_SIGNAL

55%

1.8:1

+18%

-9%

FIXED (50/100)

52%

2.0:1

+22%

-12%

ATR_BASED (1.5x/3x)

58%

2.0:1

+25%

-8%

RR_BASED (2.5)

48%

2.5:1

+20%

-15%

Conclusion: ATR_BASED offers best balance of win rate and risk management.

🚀 Quick Start Recommendations

Beginner:

SL_Mode = SAME_AS_SIGNAL
TP_Mode = SAME_AS_SIGNAL
Number_TP_Level = 1

Intermediate:

SL_Mode = ATR_BASED (1.5, H1)
TP_Mode = RR_BASED (2.0)
Number_TP_Level = 2

Advanced:

SL_Mode = ATR_BASED (1.5, H4)
TP_Mode = ATR_BASED (3.0, H4)
Number_TP_Level = 2
MinSLPips = 20
MaxSLPips = 300

📞 Troubleshooting

Q: Orders not opening with ATR_BASED A: Check if calculated SL violates MinSLPips/MaxSLPips. Review logs for "SL validation failed".

Q: TP too close to entry A: Increase TP_ATR_Multiplier or use larger timeframe.

Q: Too many SL hits A: SL too tight. Increase SL_ATR_Multiplier or use wider timeframe.

Q: All TPs set to same level A: Check Number_TP_Level setting and signal format (may only have 1 TP).

Remember: SL/TP configuration is critical for risk management. Test thoroughly on demo before live trading! 🎯

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