SL and TP in % value from entry in builder (like the feature in Algo-wizard)
for assets with huge changes, SL and TP in pips makes no sense.
As an example, when BTC where 500 $, SL of 10,000 pips (using MT5 setting) was 100$ which is 20% of price.
But nowadays that BTC is 20,000$, that 10,000 pips which is 100$, is just 0.5%.
So it is impossible to make long-term strategies using fixed SL & PT.
But if it was the ability to have SL and TP as percent, it can be used to create strategies working long-term.
This feature exists in Algo-wizard, but not in builder.
Please add it, and you will see lot of users using it soon!
Subject changed from SL and TP in % value from entry in builder to SL and TP in % percent from entry in builder. It's necessary for assets changing huge during time
Description changed:
SL and TP in % value from entry in builder (like the feature in Algo-wizard)
for assets with huge changes, SL and TP in pips makes no sense.
As an example, when BTC where 500 $, SL of 10,000 pips (using MT5 setting) was 100$ which is 20% of price.
But nowadays that BTC is 20,000$, that 10,000 pips which is 100$, is just 0.5%.
So it is impossible to make long-term strategies using fixed SL & PT.
But if it was the ability to have SL and TP as percent, it can be used to create strategies working long-term.
This feature exists in Algo-wizard, but not in builder.
Please add it, and you will see lot of users using it soon!
Hi SQX Team,
Please take a deeper look at this feature.
Note that it exists in Algo-Wizard!
Just add it to the builder as well.
Status changed from New to Fixed
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