You can now set default Profit Target (PT) and Stop Loss (SL) rules directly from your Settings page — saving time and ensuring consistency across your trades.
This feature automatically applies your preferred PT/SL levels to new and existing trades based on your chosen rule type.
How to Access Default PT/SL Settings
Click on your Profile icon in the top-right corner.
Select Settings.
Go to the PT/SL Settings tab.
From here, you can create and manage all your PT/SL rules.
How to Add a New Rule
1. Click Add Rule.
2. Choose your Instrument (e.g., Stocks, Futures, Forex).
3. Decide if the rule should apply to:
All symbols, or
A specific symbol (type the exact symbol name as shown in TradeZella).
3. Select your Rule Type — how you want the PT/SL to be calculated:
Price Movement: Sets PT/SL based on the dollar change in price (e.g., $1, $5, or $10 move from entry).
Ticks: Ideal for futures — defines PT/SL based on tick increments of the instrument.
PnL: Calculates PT/SL based on a fixed profit or loss amount in dollars.
Pips: Designed for Forex and CFDs — sets PT/SL by the number of pips gained or lost.
Points: Used mainly for indices and equities — sets PT/SL based on the number of points moved.
4. Enter your Profit Target and Stop Loss values.
Example: Profit Target = 50 | Stop Loss = 50 (based on your selected rule type).
5. Click Save.
Once saved, any new trades you import will automatically have their PT and SL values set according to the rule you created.
Applying Your Rule to Existing Trades
Once your rule is created:
1. Click the three dots (⋮) beside the rule.
2. Select Apply to Existing Trades.
3. Choose whether to overwrite existing trades that already have PT/SL values:
✅ Checked: Overwrites all trades, including those that already have PT/SL set.
⛔ Unchecked: Applies only to trades that don’t yet have PT/SL values.
This will automatically apply your selected rule to all relevant historical trades — ensuring consistent profit target and stop loss levels based on your chosen calculation type.
⏱ Note: It may take a few seconds for changes to reflect. If you don’t see updates immediately, try refreshing your page.
Example
If you set a PnL-based rule with:
Profit Target: $50
Stop Loss: $50
Then for any trade where your entry is $10:
Your profit target will be placed at $60 (+$50 gain).
Your stop loss will be placed at $–40 (–$50 loss).
Rule Types Explained
Rule Type | Description | Example Use Case |
Price Movement | Based on raw price change | +$10 move from entry |
Ticks | Based on tick increments | +20 ticks on a futures contract |
PnL | Based on dollar amount | +$50 profit or –$50 loss |
Pips | For Forex/CFD pairs | +100 pips on EUR/USD |
Points | Based on index or equity points | +10 points on NQ or SPX |
Pro Tip 💡
If you trade multiple markets, set separate rules for each instrument type (e.g., Futures, Forex, Stocks).
TradeZella will automatically apply the correct PT/SL based on the matching instrument or symbol.
If you have any questions about setting up or applying your PT/SL rules, reach out to our support team — we’re always here to help!