How do you display the result of your signals with regards to the 3 take profit (TP) and 1 stop loss (SL) level?

The major trading platforms which we have experience with have the feature of attaching just a single take profit and a single stop loss order to an individual position. For this reason, the only way for our 3 take profit levels and 1 stop loss level to be put into trading is by opening 3 separate positions. Each position will have the same SL level, but position 1 will be paired with TP1, position 2 – with TP2, and position 3 – with TP3.

Taking this approach, of course, has an effect on the way we reflect our signal’s performance. As explained above, the SL is placed at the same level, its potential execution will yield the same result, so displaying that is pretty straight-forward. When it comes to TPs though, the three positions will be potentially executed at three different levels. For this reason, we display their results separately. You can consider the two examples below to understand how this works. 

Example 1: all 3 TPs are executed. TP1 yields 35 pips, TP2 yields 80 pips and TP3 yields 110 pips. The aggregate result from these three will be 225 pips.

Example 2: TP1 and TP2 are triggered, and the third position is closed at market. The logic is absolutely the same as in the first example. TP1 yields 50 pips, TP2 yields 72, the position closed at market yields 28 pips. The aggregate result is 150 pips.