Hello need some help with coding, too dumb for this….

– after entering a long/short position, the stop is placed for a long position (1 candles back low) and for short (1 candles back high)

– after setting up stop loss, it should set the take profit with an risk reward ratio of 1:1.5 for future candles

For example:

Long/short condition requirements are met then set stop loss 1 candle back at low and set take profit by risk reward ratio 1:1.5

• example #1 long -> entry price is 100 -> lowest price on last candle is 90, set stop loss there -> set from there target profit with RR of 1.5 which would be 15 at price of 115
• example #2 short -> entry price 100 -> highes price on last candle is 110, set stop loss there -> set target profit at with rr of 1.5 which would be 15  at price of 85

something like that…..

IF MyLongConditions AND Not OnMarket THEN
   BUY 1 CONTRACT AT MARKET
   NewSL = low[1]
   SELL  AT NewSL STOP
   SET TARGET $PROFIT((tradeprice(0) - NewSL)*1.5)
ENDIF
//
IF MyShortConditions AND Not OnMarket THEN
   SELLSHORT 1 CONTRACT AT MARKET
   NewSL = high[1]
   EXITSHORT AT NewSL STOP
   SET TARGET $PROFIT((NewSL - tradeprice(0))*1.5)
ENDIF