Forex SL Trend Power Indicator

TP based on SL: this TP is a fixed TP and it depends on the value of risk taken on each trade. For some traders this TP = 2 SL, for others this TP = or 3 SL.

One indicator does almost all the hard work for you: There are three questions you have to answer and if you answered yes to one of these questions you probably ended up trapped in disposition effect, keeping open losing positions when loss is only increasing in time:

Is "United States Dollar / Sri Lankan Rupee" Pair a Good Investment?

what is SL and TP? Stop losses and take profit levels are used by forex traders to protect them from unnecessary financial risk and also to ensure that profits are taken for successful trades. Stop losses and take profit levels are both orders which are placed in the market to close an open position.

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