We are pleased to announce that Stop Loss (SL) and Take Profit (TP) parameters are now supported for cTrader
| cTrader | |
| live |
This update allows users to define risk and reward directly from TradingView alerts when placing market, limit or stop orders.
The TP and SL can be passed in the following formats:
- Actual price - For example: TP=1.234 SL=1.11156
- Percentage (%) from entry - For example: TP=2% SL=1.5%
- Points - For example: TP=200 SL=100
This makes it possible to express risk using fixed prices, relative percentages, or point-based distances.
Examples
SELL AUDCAD Q=0.1 TP=2% SL=200 - Opens a sell position with Take Profit at 2% from entry and Stop Loss at 200 points
SELL XAUUSD Q=0.2 SL=1% TP=3% - Opens a sell position with Take Profit at 3% from entry and Stop Loss at 1% from entry.
BUY BTCUSD Q=0.2 SL=79000.500 TP=100000.25 - Opens a long position with Take Profit at the price level of 100000.25 and Stop Loss at 79000.50 price level.
{{strategy.order.action}} EURUSD Q=0.5 SL=100 TP=1% - This dynamically switches between BUY and SELL based on the TradingView strategy logic, each time placing the TP at 1% from entry and the stop loss at 100 points from entry.
With SL and TP support, cTrader users can now:
- Define exits using price, percentage, or points
- Fully automate risk management from TradingView
- Execute consistent and repeatable strategies via TTA
Visit TradingView To Anywhere to start Automating
Enjoy!