Stop Loss Settings

This option will give you great ability to decrease the risk of losses. You can select between 3 different modes of stop loss alarm.

Plain loss-when the position is opened, and the price falls (or rises, depending on LONG or SHORT position), when the difference between current price and opening position price is more than the selected percentage, the program gives you a STOP signal, which closes an opened position.

Top price break- when the current is price less than (or more than, depending on SHORT or LONG current position which is opened) all low prices for the selected number of last bars, the position is closed by the stop loss module. This means, if you are in long position, but the price falls down as the minimum of last N bars (it is lowest price of the last N bars starting from the opening position bar), the position is closed by the stop loss module.

Position duration limit. If you wish to limit the maximum period of opened positions, use this stop rule. If you select 3 days, this means that if the position is opened, and you are 3 trading days beyond the date of opening the position, it is closed automatically. This allows you to avoid long-term opened positions. As the default, use 5 or 7 days.