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Modifying SL and TP Based on Open Price

Hi traders,

I can't think of any reason why it would be convenient to set SL's and TP's based on the current market price instead of the open price. For instance, let's say that you want to set a 10 TP on a pair. So if you went long at 1.1110 and the current price is 1.1113, then with the system that Protrader uses, you have to set the TP to 7 pips to accomplish this goal. However, the market can be very volatile during the mornings and it would be easier to set your targets if the price was static (your open price).

To add a bonus to that, it would be cool if one could directly type in the desired values in pips, percentage, or type in the price. Also, for the price, let's say, 1.1152, and you want to change it to 1.1161, then all you have to do is click on the 5 and the 52 will be highlighted for one to just type in 61. If one needs the exit price to be 1.1211, then one can click on the 1 (the hundredths place) and the 152 will be highlighted for one to be able to type in 211.

These are nice features and I will give out ideas as they come, but I don't expect for all of them to be implemented because it may not be big enough for others. However, I'm always grateful for what is to come.

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