Changes

[[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.

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.

<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>

Apply Stop Loss Exit Strategy to an active order or open position by one of the following methods:

# 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'''.

To save custom parameters, click '''Save'''.

Auto Attach Stop Loss Exit Strategy to orders by one of the following methods:

To re-enable auto attach feature click '''Auto Apply'''.

# Open '''Strategy Parameters''' window by one of the following methods: