Stop Loss and Three Targets: A Simple Risk Plan with Pro Signals V5
The hardest part of a trade is rarely the entry. It's knowing where you're wrong and where you'll take profit, before emotions get involved. Pro Signals V5 draws that plan for you on every signal.
Where the stop goes
The stop sits beyond the signal candle, plus a buffer based on recent volatility (the 14-candle ATR). Signal Mode sets the buffer: 3x ATR on Conservative, 2x on Balanced, 1x on Aggressive.
Three targets, measured in risk
The distance from entry to stop is your risk, often called 1R. The targets are:
TP1 at 1R
TP2 at 2R
TP3 at 3RMeasuring targets in risk keeps the plan consistent on any symbol and timeframe.
Stop to entry after TP1
When TP1 is reached, the stop moves to your entry. From there the rest of the trade can't turn into a loss from the original stop. If the trend flips before a target or stop, the trade is closed.
Want the stop to follow price? Turn on Trailing Stop.
Position sizing
Enter your account balance and a risk % (1% by default). Every signal then shows a size so that hitting the stop costs about that much. It adapts to the market: shares for stocks, lots for forex, contracts for futures.
A simple way to manage it
Many traders take part at TP1, more at TP2, and let the rest run. There's no single right way; the point is to decide before you enter.
More in the docs: Stop, Targets & Risk.
SimpleAlgo provides educational tools and chart analysis. Nothing here is financial advice. Trading involves substantial risk of loss, and past performance does not guarantee future results.
