Take Profit and Stop Loss in X3 Chart Pattern Scanner – Trading Systems – 28 May 2021

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X3 Chart Scanner also uses the risk management concept with Template Complete Interval for your trading. I have to remember that trading without a good reward / risk ratio is useless. They can blow up your account pretty quickly. Please make sure you understand the role of Template Complete Interval and how it can help for your trading.

In X3 Chart Scanner, your interruption loss and profit is checked for individual patterns. This is the main difference of Harmonic Scheme Plus and Harmonic Scheme Planner. Because X3 Chart Scanner has different categories of templates like Elliott Wave templates, Harmony templates and X3 templates, you can apply different money management if you want.

To change your discontinuation and profit, scroll down in your input. Stop Loss = 1 means it is a size of 1 x Scheme Interval Box. Take Profit = 2.5 means it has a size of 2.5 x Template Complete Interval.

X3 Chart Schematic Scanner provides all the historical templates, helping you to customize your strategy. Therefore, please try your strategy and change your stop loss and profit according to your observation of your chart. We have already shown you how to test your strategy with X3 Chart Scanner in another article here.

https://algotrading-investment.com/2019/09/18/showing-historical-patterns-in-profitable-pattern-scanner/

Also check out the screenshot for a better understanding of this basic risk management concept.

https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/

https://www.mql5.com/en/market/product/41992

https://www.mql5.com/en/market/product/41993

profitable pattern scanner stoploss take profit

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