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<p id="isPasted">Yes, it is possible to set a Stop Loss (SL) based on a Take Profit (TP) level, but it's not a standard or recommended practice. While you can set both SL and TP, it's more common to use them independently based on your risk tolerance and trading strategy. Setting SL directly according to TP can limit potential profits or expose you to unnecessary risk. </p><p><br></p>
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