Entry, SL and TP
Market or pending entry, the signal's SL and TPs or your own, risk:reward targets, shifts and reverse: how each setting changes a trade.
Written for TradeMirrorly 1.5.0 · Updated
Entry
- A trade opens at market when the price is within range of the entry, otherwise as a limit or stop order.
- Market orders only skips pending orders.
- Entry, SL and TP shifts, and room for the spread in your stops.
- Reverse signals turns BUY into SELL and the other way round (off by default).
Stop loss and take profit
- From the signal, fixed, or your own TPs as a list of pips.
- Risk:reward targets, per TP.
- Skip signals with no SL, or with no TP, so a trade never opens without one (off by default).
Your broker's limits
SL and TP are moved out to your broker's minimum distance. A level the price has already passed skips that one trade instead of failing the signal.
Try it on a demo account first
Monthly and yearly plans start with a 3-day free trial. Setup takes about 3 minutes.
More in this topic
Trade size and TP split
Set how big each signal is, in lots, money at risk or % of the balance, and how it splits over the TPs, with a preview of what a signal opens.
Breakeven, profit lock and trailing
Move the SL to entry automatically, lock profit as TPs are hit, and trail the price: each one a switch you set per channel, off until you turn it on.
Trading hours, limits and the daily loss limit
Copy only inside your hours, cap open trades overall and per symbol, close opposite trades, and stop new trades after the day's loss you set.
Settings per channel
Every channel can trade by its own rules. How Essentials, All settings, saving and resets work, and when the EA starts using them.