Yes, you can set your predefine SL & TP pips in the telegram signal copier. How? Let’s see then!
While trading, some traders prefer to take the signal with the entry price but do not want to follow the SL and TP pips of the signal providers. Traders have their predefined pips for SL and TP which they prefer to follow daily. So, keeping that wish in our mind, we have included an option in the EA where a trader can override the signal provider’s SL and TP and set his/her own preferred SL and TP. How to do so? Then, let’s get into it!
How to set predefine SL & TP pips in TSC?
First, open the EA on the Metatrader application by clicking double on the cap/smiley face top right of the corner. (See the image)
After clicking double on the cap/smiley face, the EA of the telegram copier will appear on the screen like this. (See the image below)
Then, scroll down and you will find SL Override mode there. Keep Use My Predefined SL on. (See the image below)
After that, you can see that Predefined SL Pips for TP 1/2/3/4/5 are in -1.0.
-1.0 means not open. If you set -1.0 in any SL pips section, that SL will not open. Telegram trade copier will ignore that and will execute those defined in the sections. So, you need set your preferred SL pips in these sections for TP 1/2/3/4/5 to open trades based on your preference. (See the image below)
Similarly, you will see TP Override mode. You need to set your preferred TP pips for TP 1/2/3/4/5 so that every time, copier can open trades based on your predefined TP.
Last of all, make sure that you have clicked OK. Otherwise, all of the settings will not be saved!
Note: You can override signal’s SL and TP separately with your own predefined SL and TP on the EA
Finally, it is done!
You can also set your preferred SL and TP in the trade copier if your signal provider does not provide SL TP at first.