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Created page with "==Stop Loss== thumb|right|Stop Loss Order on the chart thumb|right|Stop Loss Order in the DOM window Stop order specif..."
==Stop Loss==
[[File:StopLossInChart.png|thumb|right|Stop Loss Order on the chart]]
[[File:StopLossInDOM.png|thumb|right|Stop Loss Order in the DOM window]]
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.
For the '''chart window''', Connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
For the '''[[Depth of market (DOM)|DOM window]]''', default Stop Loss order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
<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:
# Drag-and-drop the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png to an active order or open position '''on the chart'''; or:
# Drag-and-drop the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png to an active order or open position on the '''DOM window'''; or:
# Right-click on the active order or open position '''on the chart''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Stop Loss'''; or:
# Right-click on the active order or open position in the '''DOM window''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Stop Loss'''; or
# 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===
To modify default Stop Loss Parameters:
# Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in '''Exit Strategy''' menu to see the shortcut menu.
# Click '''Edit…'''
# Modify amount of loss in the '''Amount of Loss''' box.
'''Amount of Loss''' can be indicated as ticks or %. To change indication type, click the '''Tick/Percent''' button.
Click '''More Parameters >>''' to show '''Time In Force''' field (for more info see [[Chart Trading#Setting Time in Force|Time in Force]] section).
Stop Loss Type buttons allow choosing the type of the Stop Loss order: '''Stop Market''' or '''Stop Limit''' with adjustable offset.
To save custom parameters, click '''Save'''.
===Auto Attach===
Auto Attach Stop Loss Exit Strategy to orders by one of the following methods:
* Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or:
* Double-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy menu'''; or:
* Enable '''Auto Attach to Orders''' feature in the '''Place Strategy''' window when applying the strategy.
<div style="background-color: #E3FBE5;">Note: When Stop Loss exit strategy is auto attached, custom parameters will be used. </div>
When one or several Exit Strategies auto attached, the '''Pause/Auto Apply''' button with the number of auto attached exit strategies in brackets will be shown in '''Exit Strategy''' menu. Click '''Pause''' to temporarily disable auto attach feature.
When auto attach feature is paused, '''no''' Exit Strategies will be automatically applied to an each new entry.
To re-enable auto attach feature click '''Auto Apply'''.
===Saving as Template===
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Stop Loss parameters.
# Click '''Save'''
# Choose the '''Stop Loss Template''' icon .
# Enter '''Stop Loss Template''' name.
# Click '''OK'''
[[File:StopLossInChart.png|thumb|right|Stop Loss Order on the chart]]
[[File:StopLossInDOM.png|thumb|right|Stop Loss Order in the DOM window]]
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.
For the '''chart window''', Connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
For the '''[[Depth of market (DOM)|DOM window]]''', default Stop Loss order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
<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:
# Drag-and-drop the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png to an active order or open position '''on the chart'''; or:
# Drag-and-drop the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png to an active order or open position on the '''DOM window'''; or:
# Right-click on the active order or open position '''on the chart''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Stop Loss'''; or:
# Right-click on the active order or open position in the '''DOM window''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Stop Loss'''; or
# 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===
To modify default Stop Loss Parameters:
# Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in '''Exit Strategy''' menu to see the shortcut menu.
# Click '''Edit…'''
# Modify amount of loss in the '''Amount of Loss''' box.
'''Amount of Loss''' can be indicated as ticks or %. To change indication type, click the '''Tick/Percent''' button.
Click '''More Parameters >>''' to show '''Time In Force''' field (for more info see [[Chart Trading#Setting Time in Force|Time in Force]] section).
Stop Loss Type buttons allow choosing the type of the Stop Loss order: '''Stop Market''' or '''Stop Limit''' with adjustable offset.
To save custom parameters, click '''Save'''.
===Auto Attach===
Auto Attach Stop Loss Exit Strategy to orders by one of the following methods:
* Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or:
* Double-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy menu'''; or:
* Enable '''Auto Attach to Orders''' feature in the '''Place Strategy''' window when applying the strategy.
<div style="background-color: #E3FBE5;">Note: When Stop Loss exit strategy is auto attached, custom parameters will be used. </div>
When one or several Exit Strategies auto attached, the '''Pause/Auto Apply''' button with the number of auto attached exit strategies in brackets will be shown in '''Exit Strategy''' menu. Click '''Pause''' to temporarily disable auto attach feature.
When auto attach feature is paused, '''no''' Exit Strategies will be automatically applied to an each new entry.
To re-enable auto attach feature click '''Auto Apply'''.
===Saving as Template===
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Stop Loss icon http://www.multicharts.com/img/wiki/strategies/26.png in the '''Exit Strategy''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Stop Loss parameters.
# Click '''Save'''
# Choose the '''Stop Loss Template''' icon .
# Enter '''Stop Loss Template''' name.
# Click '''OK'''
