Stop Loss

Minimize your losses

A Stop Loss order also referred to a stop order, is used to prevent any further losses. When the stop price has been reached an order will be executed to get out of the current position. If the direction of the order is to sell/close long then the price needs fall below the stop price. Conversely, when the direction is to buy/close short then the price needs to go above the stop price before an order is executed.

Supported Licenses & Trading Methods

Supported License

Supported Trade Types

Beginner license

Spot trading

Simple license

Margin trading

Advanced license

Leverage trading

Examples

  • Current price: 7500 USD. Stop loss price: 7000 USD. Direction: Sell. When the price goes below 7000 USD a sell order will be executed.

  • Current price: 6500 USD. Stop loss price: 7000 USD. Direction: Buy. When the price goes above 7000 USD a buy order will be executed.

  • Current price: 6500 USD. Stop loss price: 7000 USD. Direction: Close Short. When the price goes above 7000 USD a close short will be executed.

  • Current price: 7500 USD. Stop loss price: 7000 USD. Direction: Close Long. When the price goes below 7000 USD a close long will be executed.

Order Execution On Activation

The order execution on activation is an optional feature that allows you to get into the position you which to exit later.

Execute X Order On Activation

Enable to execute an order after the Advanced Order is activated.

Order Template

The template used to execute the order.

Price

The price on which the start order is executed.

Market Settings

Name

Create a unique name for your bot.

Account

Select the account on which the bot should run.

Market

Select which market this bot should run on.

Leverage

Specify the leverage for the bot.

Current Price

The current price of the selected market.

Order Settings

Stop Loss Price

The price on which the order will be triggered.

Direction

The direction of the order that will be placed when triggered.

Order Template

The template used to execute the order when triggered

Execution Price

The price on which the order is placed when triggered

Amount

The quantity of the order.