Auto Risk Reward on profit amount $

[brownboy]

Hi is there a way in motivewave i can specify how much profit dollars i make as i am trading with prop firms and they have consistanecy rules,for example i want to only make 1420$ and close exactly at this digit as i dont want it to go higher than 1500$ ,how to do that help

 

[jibberishballr]

Hi is there a way in motivewave i can specify how much profit dollars i make as i am trading with prop firms and they have consistanecy rules,for example i want to only make 1420$ and close exactly at this digit as i dont want it to go higher than 1500$ ,how to do that help

Your best bet is to use the P/L tool before entries and move it in real time if you change your stop or T/P. You can aim for $1420 exactly and make sure your limit is not past that point. Commissions won't be calculated so you should be solid.

Other option is an "exit strategy." You can set risk and t/p to the $ amount you want in "exit strategies."