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)
Flexible Risk-Reward ratios
⚙️ Stop Loss Settings
Copy SL_Mode = SAME_AS_SIGNAL | FIXED | ATR_BASED | RR_BASED SAME_AS_SIGNAL (Default)
Behavior: Uses SL value directly from Telegram signal.
Example Signal:
Result:
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
Cons:
❌ May not fit your risk tolerance
Behavior: Replaces signal SL with your fixed pip/point value.
Settings:
Example:
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):
Medium SL (Day Trading):
Wide SL (Swing Trading):
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)
Behavior: Calculates SL based on market volatility using Average True Range.
Settings:
Formula:
Real Example:
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
Multiplier Guidelines:
Multiplier
Risk Level
Description
Frequent SL hits, quick exits
Good balance of protection
More room, fewer false stops
Configuration Examples:
Conservative (Scalping):
Balanced (Day Trading):
Aggressive (Swing Trading):
Behavior: Calculates SL based on desired Risk-Reward ratio using TP distance.
Settings:
Formula:
Real Example:
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
Note: Higher RR = Tighter SL = More frequent stops. Lower win rate acceptable.
🎯 Take Profit Settings
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:
Result:
Settings:
Example:
When to use:
Consistent profit targets
Signal TPs don't match your strategy
Testing different TP distances
Settings:
Formula:
When to use:
Profit targets based on volatility
Higher TP in volatile markets
Professional adaptive trading
Configuration Example:
Settings:
Formula:
Real Example:
When to use:
Professional risk management
Consistent profitability targets
📊 Multiple TP Levels
3. Number_TP_Level
Controls how many TP levels to use.
Single TP (Number_TP_Level = 1)
Behavior: Opens one order per signal with one TP.
Example:
When to use:
Simple trading, one profit target
Signals rarely have multiple TPs
Dual TP (Number_TP_Level = 2)
Behavior: Opens two orders, each with different TP level.
Example:
When to use:
Partial profit taking strategy
Most common configuration
Triple TP (Number_TP_Level = 3)
Behavior: Opens three orders with three TP levels.
Example:
When to use:
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
Purpose: Control whether to open orders when signal has no TP.
When true:
When false:
Recommendation:
true (default): Safer, enforces TP requirement
false: Use only if you manually manage exits
5. MinSLPips / MaxSLPips
Purpose: Validate calculated SL is within acceptable range.
Example:
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
Symbol-Specific:
6. MinTPPips / MaxTPPips
Same validation logic as SL but for Take Profit.
💼 Real-World Configuration Examples
Example 1: Copy Signals Exactly
Goal: Trust signal provider completely.
Configuration:
Result: Exact copy of all signal values.
Example 2: Fixed Risk-Reward
Goal: 50 pip SL, 100 pip TP on all trades.
Configuration:
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:
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:
Example:
Example 5: Scalping Setup
Goal: Tight SL/TP for quick trades.
Configuration:
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:
Result: 100-200 pip SL, 200-400 pip TP, H4 trend-based.
⚠️ Common Mistakes
❌ Mistake 1: ATR Timeframe Mismatch
Bad:
Good:
❌ Mistake 2: Unrealistic RR Ratios
Bad:
Good:
❌ Mistake 3: No SL Validation
Bad:
Good:
❌ Mistake 4: Fixed Values for All Symbols
Bad:
Good: Use ATR_BASED or separate EA instances per symbol group.
❌ Mistake 5: Too Many TP Levels
Bad:
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
✅ 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
Symbol-specific settings preferred
✅ 5. Document Your Logic
🎯 Strategy Combinations
Conservative Trader
Aggressive Trader
Balanced Trader
Signal Follower
Test Period: 3 months, 200 signals
Configuration
Win Rate
Avg RR
Profit
Drawdown
Conclusion: ATR_BASED offers best balance of win rate and risk management.
🚀 Quick Start Recommendations
📞 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! 🎯
Last updated 3 months ago