🎯 Strategy Overview
Stop Order TP + SL is an automated strategy that places stop orders based on short-term price direction, using predefined Take Profit (TP) and Stop Loss (SL) levels for each trade.
The system includes an adjustable position sizing model that increases trade volume following a series of losses (commonly known as a step-up recovery approach), with volume reset to the initial size after a winning trade.
🔧 How It Works
Price Action Signal
- Compares the closing price of the current bar with the previous bar.
- If the current close is higher → a Buy Stop order is placed.
- If the current close is lower → a Sell Stop order is placed.
Stop Limit Order Execution
- Orders are set at a distance from market price, defined by
StopOffsetPips. - Each trade includes its own TP and SL in pip values.
- The system opens one position at a time and waits for it to close before placing another.
Position Size Adjustment
- If a trade closes in loss, the system tracks consecutive losses.
- After a set threshold (
StartMartingaleAfterLosses), lot size is increased by a multiplier (MartingaleMultiplier). - A maximum lot size (
MaxLot) is enforced for safety. - When a trade closes in profit, lot size returns to its initial value.
Spread Filter
- New trades are not opened if the current market spread exceeds the
MaxSpreadvalue.
ParameterDescription
Lot Size: Initial lot size for the first trade
Max Lot Size: Maximum allowed volume for safety
Martingale Multiplier: Lot size multiplier after losses
Start Martingale After Losses: Begin Martingale after this many losses
Take Profit / Stop Loss: Fixed TP and SL per trade (in pips)
Max Spread: Maximum spread allowed before skipping a trade
Stop Order (Pips): Distance from market price to place stop order
✅ Key Features
- Uses Stop Limit Orders (not Market Orders) to minimize slippage.
- Applies TP and SL on every trade — fully protected entries.
- Controlled Martingale logic with limit on max lot size.
- Suitable for volatile instruments like XAUUSD, NAS100, BTCUSD, etc.
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