Each candle = 1 hour | Gold line = illustrative SMA50. Hypothetical illustration, not real market data.
The latest completed candle closes above a rising SMA50 at 1.1180. The ask is 1.1196. The next grid level is 1.1200, 20 pips above the average, so separation passes.
Grid level / trigger
1.1200 / 1.1203
Fill / stop
1.1203 / 1.1173
Target
1.1253
Planned distance
Risk 30 pips; reward 50 pips
When the ask reaches the trigger, the buy stop becomes a market order and can fill at a different price. After the fill, confirm that the stop distance and size still fit.
Calculator 2 of 5
Stop and target from the actual fill
Stop 1.1173 · Target 1.1253 · Reward-to-risk about 1.67
Honest note
A stop is an exit instruction, not a guaranteed price. Fast markets and gaps can fill it worse.
Key takeaway
The entry sits beyond the level, and the target is measured from the fill, not from the level.
Try it
Enter a buy fill of 1.1228 in the calculator. Write the stop and target before you look.
This chapter is in the full ebook
Chapters 1 and 2 are free. Get all 16 chapters with every calculator and the journal.