[QUOTE=“wgleo;544751”]Sorry guys, need help with the rules. When you say 5 pips above, or 50 pips below or above, which price are you looking to hit above/ under? Is it the closing price, opening price, or highest price or lowest price? Thanks in advance![/QUOTE]
Your entry price or the price at wich the pending order will trigger is 5 pips + spread of the highest price reached by the IB candle. Your Take Profit will be set 100 pips above the entry price and the Stop Loss 50 pips below the entry price (100 pips above and 50 pips below depends on the pair. GBP/JPY is 200 above and 100 below)
Your entry price will be 5 pips - spread below the lowest price reached by the IB candle. Take profit 100 pips below the entry price and the Stop Loss 50 pips above the entry price
I hope this helps. Any other question are welcome.