Stop Loss: Difference between revisions
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→Stop Loss Parameters
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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: | ||
# Drag-and-drop the Stop Loss icon | # Drag-and-drop the Stop Loss icon [[File:STLSS.png]] to an active order or open position '''on the chart'''; or: | ||
# Drag-and-drop the Stop Loss icon | # Drag-and-drop the Stop Loss icon [[File:STLSS.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 '''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 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 | # Right-click on the Stop Loss icon [[File:STLSS.png]] in the '''Exit Strategy''' menu to see the shortcut menu and check '''Apply To Open Position'''. | ||
==Stop Loss Parameters== | ==Stop Loss Parameters== | ||
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To modify default Stop Loss Parameters: | To modify default Stop Loss Parameters: | ||
# Right-click the Stop Loss icon | # Right-click the Stop Loss icon [[File:STLSS.png]] in '''Exit Strategy''' menu to see the shortcut menu. | ||
# Click '''Edit…''' | # Click '''Edit…''' | ||
# Modify amount of loss in the '''Amount of Loss''' box. | # Modify amount of loss in the '''Amount of Loss''' box. | ||
'''Amount of Loss''' can be indicated as ticks or %. To | '''Amount of Loss''' can be set as a fixed price or an offset indicated as ticks or %. | ||
* To set the Stop Loss at a fixed price level: | |||
*# Click the '''N/A''' button [[File:N_A button.png]] to activate the price input field (if it is unavailable); | |||
*# Enter the price for a Stop Loss order; | |||
* Click the '''Save''' button to save the settings. | |||
* To set the amount of Stop Loss at a fixed offset: | |||
*# Click the '''N/A''' button [[File:N_A button.png]] to activate the offset input field (if it is unavailable); | |||
*# Click the '''Tick/Percent''' button [[File:Tick button.png]]/[[File:Percent button.png]]to select the offset type; | |||
*# Enter the offset value; | |||
*# Click the '''Save''' button to save the settings. | |||
<br> | |||
<div style="background-color: #E3FBE5;">Note: In real-time trading Stop loss values are based on the average entry price provided by the broker ((execution price + commission) / position size). Some brokers may not include the commission. If the price does not conform to the minimum price variation Stop loss value is rounded down.</div> | <div style="background-color: #E3FBE5;">Note: In real-time trading Stop loss values are based on the average entry price provided by the broker ((execution price + commission) / position size). Some brokers may not include the commission. If the price does not conform to the minimum price variation Stop loss value is rounded down.</div> | ||
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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: | ||
* Right-click the Stop Loss icon | * Right-click the Stop Loss icon [[File:STLSS.png]] in the '''Exit Strategy''' menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or: | ||
* Double-click the Stop Loss icon | * Double-click the Stop Loss icon [[File:STLSS.png]] in the '''Exit Strategy menu'''; or: | ||
* Enable '''Auto Attach to Orders''' feature in the '''Place Strategy''' window when applying the strategy. | * Enable '''Auto Attach to Orders''' feature in the '''Place Strategy''' window when applying the strategy. | ||
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# Open '''Strategy Parameters''' window by one of the following methods: | # Open '''Strategy Parameters''' window by one of the following methods: | ||
#* Right-click the Stop Loss icon | #* Right-click the Stop Loss icon [[File:STLSS.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. | #* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy. | ||
# Modify default Stop Loss parameters. | # Modify default Stop Loss parameters. |