Smart TP Manager - FREE Edition

📘 Smart TP Manager - User Guide
🎯 Parameter Adaptation by Timeframe
IMPORTANT: Default parameters are optimized for M5 (5 minutes). If you trade on other timeframes, you MUST adapt the parameters for better results.

📊 Recommended Settings Table
M1 (1 minute) - Ultra Scalping
ATR SL Multiplier: 1.5 - 1.8
Number of TPs: 3 - 4
Base RR: 0.4 - 0.5
Confirmation Bars: 2
Cooldown: 3 - 5 bars
Breakeven: Enable after TP1
Profile: Very fast trades, immediate exits, tight SL

M5 (5 minutes) - Scalping ✅ DEFAULT
ATR SL Multiplier: 1.8 - 2.0
Number of TPs: 4 - 5
Base RR: 0.5 - 0.6
Confirmation Bars: 2 - 3
Cooldown: 5 - 8 bars
Breakeven: Enable after TP1 or TP2
Profile: Standard scalping, balance between speed and security

M15 (15 minutes) - Intraday
ATR SL Multiplier: 2.0 - 2.2
Number of TPs: 5 - 6
Base RR: 0.6 - 0.8
Confirmation Bars: 3
Cooldown: 8 - 10 bars
Breakeven: Enable after TP2
Profile: Intraday trading, 3-8 trades per day

H1 (1 hour) - Swing
ATR SL Multiplier: 2.2 - 2.5
Number of TPs: 5 - 6
Base RR: 0.8 - 1.0
Confirmation Bars: 3 - 4
Cooldown: 10 - 15 bars
Breakeven: Enable after TP2 or TP3
Profile: Swing trading, 1-3 trades per day

H4 (4 hours) - Position
ATR SL Multiplier: 2.5 - 3.0
Number of TPs: 6
Base RR: 1.0 - 1.2
Confirmation Bars: 4 - 5
Cooldown: 15 - 20 bars
Breakeven: Enable after TP3
Profile: Position trading, multi-day trades

🔍 Adaptation Logic
General Rule:
LOWER Timeframe → TIGHTER Parameters
HIGHER Timeframe → WIDER Parameters
Why Adapt?
1. ATR SL Multiplier

M1: Very volatile market, fast moves → Tight SL (1.5-1.8)
H4: Slow moves, breathing room needed → Wide SL (2.5-3.0)

2. Number of TPs

M1: Quick exits before reversal → 3-4 TPs
H4: Let profits run → 6 TPs

3. Base RR

M1: Close targets, quick exits → 0.4-0.5
H4: Ambitious targets, patience → 1.0-1.2

4. Confirmation Bars

M1: Fast entry, 2 candles enough
H4: Strong confirmation needed, 4-5 candles

5. Cooldown

M1: Multiple trades per hour possible → 3-5 bars
H4: Important spacing between trades → 15-20 bars

6. Breakeven

M1: Immediate protection after TP1
H4: Let trade breathe, BE after TP3


💡 Real Examples
Example 1: Gold M1 Scalping
Goal: 10-20 trades/day, ultra-fast exits

Recommended Parameters:
- ATR SL: 1.6
- TPs: 4
- Base RR: 0.5
- Confirmation: 2
- Cooldown: 5
- BE: ON after TP1

Expected Results:
- Winrate: 40-50%
- Net P/L: +3 to +6R per day
- SL: 10-15 pips
- TP1: 5-8 pips (quick exit)

Example 2: Gold M15 Day Trading
Goal: 3-6 trades/day, let it breathe

Recommended Parameters:
- ATR SL: 2.1
- TPs: 5
- Base RR: 0.7
- Confirmation: 3
- Cooldown: 10
- BE: ON after TP2

Expected Results:
- Winrate: 50-60%
- Net P/L: +5 to +10R per day
- SL: 20-30 pips
- TP1: 14-21 pips

Example 3: Gold H1 Swing Trading
Goal: 1-2 trades/day, maximum patience

Recommended Parameters:
- ATR SL: 2.4
- TPs: 6
- Base RR: 0.9
- Confirmation: 4
- Cooldown: 12
- BE: ON after TP2

Expected Results:
- Winrate: 55-65%
- Net P/L: +8 to +15R per week
- SL: 40-60 pips
- TP1: 36-54 pips

⚠️ Common Mistakes to Avoid
❌ MISTAKE #1: Using same parameters on all timeframes
M1 with ATR SL 2.5 → SL too wide, huge losses
H4 with ATR SL 1.5 → SL too tight, constant stop outs
❌ MISTAKE #2: Too many TPs on low timeframe
M1 with 6 TPs → Impossible to reach all TPs
❌ MISTAKE #3: Too long confirmation on M1
M1 with 5 confirmation bars → Misses all fast moves
❌ MISTAKE #4: Too short cooldown on H4
H4 with 3 bars cooldown → Overtrading, too many poor-quality trades

🎯 Testing Methodology
Step 1: Start with recommended values
Use the table above according to your timeframe
Step 2: Backtest on minimum 100 trades
Observe:

Winrate
Net P/L in R
Number of BE hits
Trade frequency

Step 3: Adjust based on results
If too many SL hits:

↑ Increase ATR SL Multiplier by +0.2
↑ Increase Confirmation Bars by +1

If not enough trades:

↓ Reduce Cooldown by -2
↓ Reduce Confirmation Bars by -1

If TPs never reached:

↓ Reduce Number of TPs by -1
↓ Reduce Base RR by -0.1

If too many BE but no real wins:

↑ Increase Base RR by +0.1
Disable BE temporarily


📈 Performance Tracking
Key indicators by timeframe:
TFTrades/DayMin WinrateNet P/L/DayAvg SL (pips)M110-2040%+3R10-15M55-1245%+4R15-20M153-850%+5R20-30H11-455%+3R40-60H40.5-260%+2R80-120

🚀 Final Advice
DO NOT USE THE SAME PARAMETERS ON DIFFERENT TIMEFRAMES!
Each timeframe has its own dynamics. Adapting parameters is not optional, it's MANDATORY for optimal results.
Different timeframe = Different parameters = Different results
Quick Reference Chart
M1 → AGGRESSIVE (tight SL, few TPs, quick BE)
M5 → BALANCED (default settings)
M15 → MODERATE (wider SL, more TPs)
H1 → PATIENT (wide SL, max TPs, late BE)
H4 → CONSERVATIVE (very wide SL, all TPs, very late BE)

📝 Best Practices

Always backtest on your specific timeframe before live trading
Start conservative - use higher ATR multipliers first
Track your stats - Wins, Losses, BE, Net P/L
Adjust gradually - change one parameter at a time
Respect your timeframe - don't force H4 parameters on M1
Use breakeven wisely - protect profits but don't choke trades
Monitor cooldown - too many trades = lower quality


🎓 Understanding the Strategy
EMA 9/21 Crossover

BUY: EMA9 crosses above EMA21
SELL: EMA9 crosses below EMA21

RSI Filter

Avoids overbought (>70) for longs
Avoids oversold (<30) for shorts

Confirmation System

Requires X consecutive candles meeting conditions
Reduces false signals

Take Profit Structure

Non-linear TP levels
TP1: 0.5R (default)
TP2: 1.0R
TP3: 1.5R
TP4: 2.0R
TP5: 2.5R

Risk Management

ATR-based stop loss (adapts to volatility)
Optional breakeven after specified TP
Cooldown prevents overtrading


🌟 Pro Tips

Gold (XAUUSD) specific: Use tighter parameters than forex pairs
NY Session: More volatility, tighter SL recommended
Asian Session: Lower volatility, consider skipping or wider SL
News events: Increase cooldown before/after major news
Trending markets: Increase Number of TPs
Ranging markets: Decrease Number of TPs, faster exits


Happy Trading! 🎯
Remember: Past performance does not guarantee future results. Always use proper risk management and never risk more than you can afford to lose.