It is important for me to learn how to control risk, one of ideas is to implement block order when an order is placed.
The indicator helps me to set take profita and stop loss automatically, I am still testing this indicator and see if it is perfect for me to adopt those prices. The indicator is called Trade Exit Calculator
The interface is the following:
This stop loss strategy will remove the chance I have big loss on one trade. The trade stop loss can be adjusted if needed later on. I have difficulties all the time to set stop loss, I do not have time to calculate, and if I do not set the stop loss when I place the order, I will have big loss if the stock goes down with big price drop.
It happened to me in March and April, and I had big loss on BA stock over $2000 US dollars and RTX with $1400 US dollars.
Second indicator is also very helpful, Stop-loss trailing 60 0.5, I use the indicator for me to take loss early if needed. If the stock price is below EMA60, based on this strategy, I can tell that it is better for me to stop loss early.
https://juliachencoding.blogspot.com/2026/04/oliver-kells-ema-strategy-known-as.html
Target for overlay indicator is helpful for me to take profit and then I can quickly tell that I need to take profit and then get back in later on.
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