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_BASEDSAME_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
✅ 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:
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)
ATR_BASED Mode
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:
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:
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):
Balanced (Day Trading):
Aggressive (Swing Trading):
RR_BASED Mode
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:
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
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:
FIXED Mode
Settings:
Example:
When to use:
Consistent profit targets
Signal TPs don't match your strategy
Testing different TP distances
ATR_BASED Mode
Settings:
Formula:
When to use:
Profit targets based on volatility
Higher TP in volatile markets
Professional adaptive trading
Configuration Example:
RR_BASED Mode
Settings:
Formula:
Real Example:
When to use:
Enforce minimum RR ratio
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
Reduced order count
Dual TP (Number_TP_Level = 2)
Behavior: Opens two orders, each with different TP level.
Example:
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:
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
Purpose: Control whether to open orders when signal has no TP.
When true:
When false:
Recommendation:
true(default): Safer, enforces TP requirementfalse: 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:
ECN/Low Spread
3-5 pips
Standard
10-15 pips
High Spread
20-30 pips
Symbol-Specific:
EURUSD
5 pips
200 pips
GBPUSD
10 pips
300 pips
XAUUSD
20 points
500 points
US30
50 points
2000 points
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
Prevent extreme values
Symbol-specific settings preferred
✅ 5. Document Your Logic
🎯 Strategy Combinations
Conservative Trader
Aggressive Trader
Balanced Trader
Signal Follower
📊 Performance Comparison
Test Period: 3 months, 200 signals
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:
Intermediate:
Advanced:
📞 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