Skip to content

Stop Loss (SL)

In trading, the market can sometimes move against you unexpectedly. To mitigate potential losses, you can use a Stop Loss (SL).

There are two types of Stop Loss methods available:

  1. Stop Loss When Trade is -x%: This method triggers a stop loss when the entire trade reaches a specified loss percentage.
  2. ATR Stop Loss: This method uses the Average True Range (ATR) to set a trailing stop loss, which adjusts based on market volatility.

How to Activate Stop Loss When Trade is -x%

  1. Go to Trading Settings: In the web interface, select your desired trading pair and click on the Stop loss tab.
  2. Enable Stop Loss: Enable the Stop loss when Trade is -% enabled option.
  3. Set Loss Percentage: Enter your desired loss percentage in the SL when Trade is -% field.

Important

Do not include a - or + sign before the number. The bot will automatically interpret the value. For example, enter 25 to represent a -25% stop loss.

How to Activate ATR Stop Loss

  1. Go to Trading Settings: In the web interface, select your desired trading pair and click on the Stop loss tab.
  2. Enable ATR Stop Loss: Enable the ATR Stop loss enabled option.
  3. Set ATR Parameters:
    • ATR SL calculation length: Enter the number of candles used for calculating the ATR.
    • ATR SL smoothing: Choose the smoothing method for the ATR calculation. The available options are:
      • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to recent price changes.
      • SMA (Simple Moving Average): Averages the prices over a specified period, giving equal weight to all prices.
      • WMA (Weighted Moving Average): Similar to SMA but assigns more weight to recent prices, making it more responsive than SMA but less than EMA.
    • ATR SL multiplier: Enter your desired ATR multiplier. The ATR multiplier determines how far the stop loss will trail behind the price based on the Average True Range (ATR).
      • The smaller the number, the tighter the stop loss. The larger the number, the more conservative the stop loss.

Stop Loss Settings

Tip

If you prefer not to use a stop loss, consider using Dollar Cost Averaging to lower the average price per unit.