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Version: 3.0

Example D1: Fixed pips distance as initial stop loss and initial take profit

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example uses fixed pip values for both stop loss and take profit levels. The 200 pip stop loss and 300 pip take profit create a favorable 1.5 risk-reward ratio using absolute distances. This straightforward approach requires no complex calculations, making it ideal for beginners learning position management basics.

Fixed pip strategies work best in stable volatility environments where typical price movements remain consistent. The recommendation for timeframes between M1 and H1 suggests this approach suits intraday trading where daily ranges are relatively predictable.

While simple, fixed pip methods may require adjustment as market conditions change over time. Traders should periodically review these values to ensure they remain appropriate for current market volatility levels. This example provides an excellent starting point for understanding risk-reward concepts.

caution

Recommended to use EURUSD M1 - H1

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long

Signal Generation - Indicators - SMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = SMA
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators - EMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = EMA
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicator Combinations (SMA & EMA)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = SMA
  • Input indicator 2 = EMA
  • Value relation = Value x cross value x

Initial Stop Loss

  • Selection = Fix pips
  • Fix pips = 200

Initial Take Profit

  • Selection = Fix pips
  • Fix pips = 300

Screenshots​

Example D1: Fixed pips distance as initial stop loss and initial take profit.webp