The Stop Loss rule protects open positions by exiting when loss from average entry reaches your limit.
Behavior
- Evaluates only when a position is open
- Available in the exit section only (not as a filter)
- Emits an exit signal when stop price is hit
Default parameters
| Parameter | Default |
|---|---|
| type | percentage |
| value | 5 |
type options:
percentage— Stop is % away from average entrydistance— Stop is absolute price units away
Tips
- Stop loss works alongside Take Profit—whichever condition hits first on a tick drives behavior per engine ordering.
- Tighter stops reduce loss per trade but may increase stop-outs in volatile pairs.
- Not a substitute for position sizing—pair with sensible capital allocation.
Example
Long BTC/USDT with average entry $100,000, type percentage, value 5. Stop triggers near $95,000 (5% below entry). Works only while a position is open; does not block new entries. Combine with Take profit at 10% so risk/reward is defined.