Hj7171 TP Level

This Take Profit (TP) formula is based on my experience trading in Bursa Malaysia.

How to Use :
a) User need to key in Entry Price (EP) manually.
b) Add in share unit ( default is 10,000 unit or 100 lot
c) Indi will draw TP lines, % profit and Gross Profit automatically

Below is the TP formula :

1) Price Below 0.2

TP1 : EP + 0.005
EP + 0.010

TP2 : EP + 0.015
EP + 0.020

TP3 : EP + 0.025
EP + 0.040

2) Price Above 0.2 - 0.995

TP1 : EP + 0.015
EP + 0.025

TP2 : EP + 0.030
EP + 0.050

TP3 : EP + 0.060
EP + 0.100

3) Price Above RM 1

TP1 : EP + 0.030
EP + 0.060

TP2 : EP + 0.070
EP + 0.120

TP3 : EP + 0.130
EP + 0.240

Hope this indicator can help trader set TP properly.
Thanks

Release Notes:

- Revised % Calculation -