Dinamic TP

[Alexandru Ionut Comanoiu]

Hi! Does anyone know a math formula to calculate a dinamic TP based on SL distance. The smaller the SL-the bigger TP and the bigger SL-the smaller TP?

[Mohamad Zulhairi Baba]

Alexandru Ionut Comanoiu:

Hi! Does anyone know a math formula to calculate a dinamic TP based on SL distance. The smaller the SL-the bigger TP and the bigger SL-the smaller TP?

What formula are talking about?

You need external variable to determine “how big is big” and “how small is small”

[Alexandru Ionut Comanoiu]

Mohamad Zulhairi Baba:
What formula are talking about?

You need external variable to determine “how big is big” and “how small is small”

It can be,for ex., relative to the average bar spread(constant) calculated on init().