Calculating Percentages

[Jetheat]

On Tradingview, with the current price of 700, I am calculating a 2% stop loss and a 5% Take Profit limit.

So that would be -
Stop Loss: 700 * 2% = 14. So stop should be at 686 (700 - 14).
Take Profit: 700 * 5% = 35. So TP should be at 735 (700 + 35).

But now look at what the Tradingview order entry panel gives me when I enter a 2% SL or 5% TP limit.


You can see that it calculates it differently and its putting the Stop Loss 20 pips away (instead of 14) and the TP 52 pips away (instead of 35).

Can someone explain this anomaly?

Appreciate the help,

JH

[jackg]

Have you tried taking it to paper?

I'm not great at spotting things like this but I'd suggest it may be factoring in an exchange rate into the mix in order to change these relevant to the %... There may also be a fee added that this is accounting for too if you've selected it on a certain exchange.

[art_of_bug]

Have you tried taking it to paper?

I'm not great at spotting things like this but I'd suggest it may be factoring in an exchange rate into the mix in order to change these relevant to the %... There may also be a fee added that this is accounting for too if you've selected it on a certain exchange.

this sounds like it could be it, some fees not shown on the screenshot are probably included