Nef33 Forex & Crypto Trading Signals PRO

1. Understanding the Indicator's Context
The indicator generates signals based on confluence (trend, volume, key zones, etc.), but it does not include predefined SL or TP levels. To establish them, we must:
Use dynamic or static support/resistance levels already present in the script.

Incorporate volatility (such as ATR) to adjust the levels based on market conditions.

Define a risk/reward ratio (e.g., 1:2).

2. Options for Determining SL and TP
Below, I provide several ideas based on the tools available in the script:
Stop Loss (SL)
The SL should protect you from adverse movements. You can base it on:
ATR (Volatility): Use the smoothed ATR (atr_smooth) multiplied by a factor (e.g., 1.5 or 2) to set a dynamic SL.
Buy: SL = Entry Price - (atr_smooth * atr_mult).

Sell: SL = Entry Price + (atr_smooth * atr_mult).

Key Zones: Place the SL below a support (for buys) or above a resistance (for sells), using Order Blocks, Fair Value Gaps, or Liquidity Zones.
Buy: SL below the nearest ob_lows or fvg_lows.

Sell: SL above the nearest ob_highs or fvg_highs.

VWAP: Use the daily VWAP (vwap_day) as a critical level.
Buy: SL below vwap_day.

Sell: SL above vwap_day.

Take Profit (TP)
The TP should maximize profits. You can base it on:
Risk/Reward Ratio: Multiply the SL distance by a factor (e.g., 2 or 3).
Buy: TP = Entry Price + (SL Distance * 2).

Sell: TP = Entry Price - (SL Distance * 2).

Key Zones: Target the next resistance (for buys) or support (for sells).
Buy: TP at the next ob_highs, fvg_highs, or liq_zone_high.

Sell: TP at the next ob_lows, fvg_lows, or liq_zone_low.

Ichimoku: Use the cloud levels (Senkou Span A/B) as targets.
Buy: TP at senkou_span_a or senkou_span_b (whichever is higher).

Sell: TP at senkou_span_a or senkou_span_b (whichever is lower).

3. Practical Implementation
Since the script does not automatically draw SL/TP, you can:
Calculate them manually: Observe the chart and use the levels mentioned.

Modify the code: Add SL/TP as labels (label.new) at the moment of the signal.

Here’s an example of how to modify the code to display SL and TP based on ATR with a 1:2 risk/reward ratio:
Modified Code (Signals Section)
Find the lines where the signals (trade_buy and trade_sell) are generated and add the following:
pinescript

// Calculate SL and TP based on ATR
atr_sl_mult = 1.5 // Multiplier for SL
atr_tp_mult = 3.0 // Multiplier for TP (1:2 ratio)
sl_distance = atr_smooth * atr_sl_mult
tp_distance = atr_smooth * atr_tp_mult

if trade_buy
entry_price = close
sl_price = entry_price - sl_distance
tp_price = entry_price + tp_distance
label.new(bar_index, low, "Buy: " + str.tostring(math.round(bull_conditions, 1)), color=color.green, textcolor=color.white, style=label.style_label_up, size=size.tiny)
label.new(bar_index, sl_price, "SL: " + str.tostring(math.round(sl_price, 2)), color=color.red, textcolor=color.white, style=label.style_label_down, size=size.tiny)
label.new(bar_index, tp_price, "TP: " + str.tostring(math.round(tp_price, 2)), color=color.blue, textcolor=color.white, style=label.style_label_up, size=size.tiny)

if trade_sell
entry_price = close
sl_price = entry_price + sl_distance
tp_price = entry_price - tp_distance
label.new(bar_index, high, "Sell: " + str.tostring(math.round(bear_conditions, 1)), color=color.red, textcolor=color.white, style=label.style_label_down, size=size.tiny)
label.new(bar_index, sl_price, "SL: " + str.tostring(math.round(sl_price, 2)), color=color.red, textcolor=color.white, style=label.style_label_up, size=size.tiny)
label.new(bar_index, tp_price, "TP: " + str.tostring(math.round(tp_price, 2)), color=color.blue, textcolor=color.white, style=label.style_label_down, size=size.tiny)

Code Explanation
SL: Calculated by subtracting/adding sl_distance to the entry price (close) depending on whether it’s a buy or sell.

TP: Calculated with a double distance (tp_distance) for a 1:2 risk/reward ratio.

Visualization: Labels are added to the chart to display SL (red) and TP (blue).

4. Practical Strategy Without Modifying the Code
If you don’t want to modify the script, follow these steps manually:
Entry: Take the trade_buy or trade_sell signal.

SL: Check the smoothed ATR (atr_smooth) on the chart or calculate a fixed level (e.g., 1.5 times the ATR). Also, review nearby key zones (OB, FVG, VWAP).

TP: Define a target based on the next key zone or multiply the SL distance by 2 or 3.

Example:
Buy at 100, ATR = 2.

SL = 100 - (2 * 1.5) = 97.

TP = 100 + (2 * 3) = 106.

5. Recommendations
Test in Demo: Apply this logic in a demo account to adjust the multipliers (atr_sl_mult, atr_tp_mult) based on the market (forex or crypto).

Combine with Zones: If the ATR-based SL is too wide, use the nearest OB or FVG as a reference.

Risk/Reward Ratio: Adjust the TP based on your tolerance (1:1, 1:2, 1:3)