Stop Loss: Difference between revisions
From MultiCharts
no edit summary
No edit summary |
No edit summary |
||
Line 1: | Line 1: | ||
[[File:StopLossInChart.png|thumb|right|Stop Loss Order on the chart]] | [[File:StopLossInChart.png|thumb|right|Stop Loss Order on the chart]] | ||
[[File:StopLossInDOM.png|thumb|right|Stop Loss Order in the DOM window]] | [[File:StopLossInDOM.png|thumb|right|Stop Loss Order in the DOM window]] | ||
Line 5: | Line 4: | ||
Stop order specifies a price at which to buy or sell. It is called a Stop Loss because it is used to define how much loss is tolerable before a position will be exited. When the specified price is reached the order becomes a market order, and the broker executes the order. | Stop order specifies a price at which to buy or sell. It is called a Stop Loss because it is used to define how much loss is tolerable before a position will be exited. When the specified price is reached the order becomes a market order, and the broker executes the order. | ||
==Appearance == | |||
Stop Loss Strategy is displayed as maroon marker on the chart connected to the order price label on the price scale with a dotted line and as maroon marker in the DOM window. | Stop Loss Strategy is displayed as maroon marker on the chart connected to the order price label on the price scale with a dotted line and as maroon marker in the DOM window. | ||
Line 15: | Line 14: | ||
<div style="background-color: #E3FBE5;">Note: When Stop Loss is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div> | <div style="background-color: #E3FBE5;">Note: When Stop Loss is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div> | ||
==Applying Stop Loss Exit Strategy== | |||
Apply Stop Loss Exit Strategy to an active order or open position by one of the following methods: | Apply Stop Loss Exit Strategy to an active order or open position by one of the following methods: | ||
Line 25: | Line 24: | ||
# Right-click on the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | # Right-click on the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | ||
==Stop Loss Parameters== | |||
Line 41: | Line 40: | ||
To save custom parameters, click '''Save'''. | To save custom parameters, click '''Save'''. | ||
==Auto Attach== | |||
Auto Attach Stop Loss Exit Strategy to orders by one of the following methods: | Auto Attach Stop Loss Exit Strategy to orders by one of the following methods: | ||
Line 57: | Line 56: | ||
To re-enable auto attach feature click '''Auto Apply'''. | To re-enable auto attach feature click '''Auto Apply'''. | ||
==Saving as Template== | |||
# Open '''Strategy Parameters''' window by one of the following methods: | # Open '''Strategy Parameters''' window by one of the following methods: |