Stop Loss

Discussion in 'Documentation' started by Support, Nov 18, 2020.

  1. Support

    Support Administrator
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    Simple stop loss

    Stop loss allows you to limit the loss on a trade. As soon as the price reaches the set stop loss, the position will be closed by the market. Stop loss is indicated by the marker Маркер стоп-лосса.jpg . Stop loss is stored locally in the TigerTrade terminal and will not be executed if there is no Internet connection.

    Стоп заявка.jpg
    In order for the stop loss to be triggered even when the terminal is closed or there is a sudden absence of the Internet, you must enable the Server stop loss option in the main menu in the Settings - Basic settings tab in the Trade section.

    srv_SL_settings.png

    To set up an automatic placement of a stop loss, in DOM, select параметры.png Settings шестерёнка.png Trade parameters. In the window that opens, on the Trading tab, in the Stop Loss section, enter the stop loss value in the Size field (in price steps, not in points). When you open a position, a stop loss will be automatically set.

    If you want to automatically set a trailing stop, then additionally enter the size of the offset in the Trailing range field (in price steps, not in points).

    The Stop loss offset field sets the maximum slippage when triggered. That is, as soon as the price reaches the stop-loss marker Маркер стоп-лосса.jpg , the position will be closed by the market, but the market order will be sent to close the position with the specified maximum slippage. If the condition is not met, after the specified slippage value (in price steps, not in points), a limit order will be placed to close and the position will not be closed until the price returns to this limit order.

    SL_offset.png

    Stop loss can be set manually after entering a position. There are two ways to do this:
    1. Press the стоп.png in DOM, Set stop loss, move the cursor to the level of the desired price and press the left mouse button to fix the stop loss. To cancel the stop loss placement, click the right mouse button. To remove the stop-loss, you need to release the button стоп.png Set the stop-loss.
    2. Use the pre-set hotkey by holding it down on the keyboard and clicking the left mouse button on the price in the order book, where you want to place a stop loss. The hotkey is assigned through the main menu in the Settings - Hotkeys tab in the Glass section in the Actions item.
    SL_hotkey.png
    The set stop loss can be moved with the mouse. To do this, move the cursor over the marker Маркер стоп-лосса.jpg , press the left mouse button and, without releasing it, drag the marker to the desired location. Release the left mouse button.

    Stop loss can be converted into trailing stop by double-clicking the left mouse button on the marker Маркер стоп-лосса.jpg .

    Trailing STOP

    Trailing stop, unlike a simple stop loss, begins to move in the direction of an open position when the price touches the marker Маркер трейлинг-стопа.jpg

    Трейлинг стоп скрин.jpg
    The indent size can be changed by moving the marker with the mouse Маркер трейлинг-стопа.jpg .

    Trailing stop can be converted into a simple stop loss by double-clicking the left mouse button on the marker Маркер -трейл стопа.jpg .

    Stop loss settings takes into account the selected price scale for the order book, when the price scale in the order book is changed in proportion to the changed scale. That is, for example, if the stop loss is set at 10 points in the settings, while the order book is compressed 5 times, then the stop loss will be 10x5 = 50 points.

    price_scale.png
     
    #1 Support, Nov 18, 2020
    Last edited by a moderator: Nov 19, 2020