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  • Stop loss (SL)

Stop loss (SL)

Even if you want to avoid such trades, it is always possible that the market will go completely against you. To get out of such a losing trade with losses, there is SL (stop loss).
SL activates ONLY if the complete trade is -x% in loss. As a result, everything is sold at a loss. If you don’t want to take losses, you should set deactivate SL. You could use DCA to lower the average price per unit if you don’t want a stop loss.

How to activate stop loss (SL):

Go to the “Trading Settings” in the webinterface, select your desired pair, click on the “DCA” tab.
You have to activate “Stop loss enabled” and enter your minus percentage at “SL when Trade is -x%”.

Important: Do not put “-” or “+” in front of any of the numbers, the bot will do it itself. Example: In the case of a stop loss, only the number should be entered, e.g. “20”. The bot then perceives this as “-20%”.

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If you don’t want to make a stop loss then you could use DCA to lower the average price per unit.

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