It is possible to set predefined SL and TP pips amount on a signal if the signal provider does not provide it, and you can set it by following a few steps.
Sometimes, you will see that some signal providers do not share any SL or TP with the signal first. They send the signal first with the entry price but update the SL and TP later. So, there is a huge risk hanging over your head if a signal provider does not provide an SL or TP with the signal first. Keeping that in mind, we have included an option in the trade copier where you can predefine your SL and TP if your signal provider does not share SL and TP in the first place. How to set predefine SL and TP in the telegram forex copier? Let’s see then!
How to set predefined 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 Override mode there. Turn the section into If not provided from Always. (See the image below)
After that, you can see that Stop loss pips TP1, Stop loss pips TP2 and Stop loss pips TP3 are in -1.0.
-1.0 means not open. If you set -1.0 in any SL or TP pips section, that SL or TP will not open. Telegram trade copier will ignore that and will execute those defined in the sections. (See the image below)
Suppose you want to set 10 pips for Stop loss pips TP1, 20 pips for Stop loss pips TP2 and 30 pips for Stop loss pips TP3. So, your total SL pips will be 60 pips. (See the image below)
Besides, if you want to use just Stop loss pips TP1 for total 60 pips, you can enter 60 in Stop loss pips TP1 and make other SL pips section into 0 (See the image below)
Similarly, set your preferred TP pips in Take profit pips TP1, TP2 &TP3.
Last of all, make sure that you have clicked OK. Otherwise, all of the settings will not be saved! (See the image below)
Finally, it is done!