Trailing stop loss

If you prefer to delay setting a stop loss until the market has moved a certain distance from your entry, you can use the Trailing Stop Loss function. This feature is designed for traders who want to observe price action before locking in an SL. The trailing stop loss will automatically be placed once the price has moved away from your entry by a percentage you define. It can also be configured to automatically move your stop into profit once a target, such as 2× is reached.

This tool can be used to secure profits during trending markets, protect against sudden reversals after favorable moves, or give trades room to develop without prematurely closing them. It is especially effective when trading volatile assets where setting a fixed stop loss too early could limit potential gains.

Open the Advanced Buy/Sell menu to access the Trailing Stop Loss settings.

Click on the TSL settings to configure your Trailing Stop Loss, you have full control over when it should trigger, and the bot will automatically monitor your positions and apply your chosen settings.

Type your desired TSL, the first % is your trigger, which the bot will wait to hit before placing the SL. You can set it as a normal SL or higher to secure profits. The SL itself is then set based on the % away from the trigger price, not your entry price.

After configuring your TSL settings, return to the Advanced Buy/Sell tab and enable TSL, green means on, red means off.

PreviousStop loss NextLimit orders

Last updated 3 days ago