51 lines
1.9 KiB
Markdown
51 lines
1.9 KiB
Markdown
# Stop Loss support
|
|
|
|
at this stage the bot contains the following stoploss support modes:
|
|
|
|
1. static stop loss, defined in either the strategy or configuration
|
|
|
|
2. trailing stop loss, defined in the configuration
|
|
|
|
3. trailing stop loss, custom positive loss, defined in configuration
|
|
|
|
## Static Stop Loss
|
|
|
|
This is very simple, basically you define a stop loss of x in your strategy file or alternative in the configuration, which
|
|
will overwrite the strategy definition. This will basically try to sell your asset, the second the loss exceeds the defined loss.
|
|
|
|
## Trail Stop Loss
|
|
|
|
The initial value for this stop loss, is defined in your strategy or configuration. Just as you would define your Stop Loss normally.
|
|
To enable this Feauture all you have to do, is to define the configuration element:
|
|
|
|
```
|
|
"trailing_stop" : True
|
|
```
|
|
This will now actiave an algorithm, whihch automatically moves up your stop loss, every time the price of your asset increases.
|
|
|
|
For example, simplified math,
|
|
|
|
* you buy an asset at a price of 100$
|
|
* your stop loss is defined at 2%
|
|
* which means your stop loss, gets triggered once your asset dropped below 98$
|
|
* assuming your asset now increases in proce to 102$
|
|
* your stop loss, will now be 2% of 102$ or 99.96$
|
|
* now your asset drops in value to 101$, your stop loss, will still be 99.96$
|
|
|
|
basically what this means, is that your stop loss will be adjusted to be always be 2% of the highest observed price
|
|
|
|
### Custom positive loss
|
|
|
|
due to demand, it is possible to have a default stop loss, when you are in the red with your buy, but once your buy turns positive,
|
|
the system will utilize a new stop loss, which can be a different value. For example your default stop loss is 5%, but once you are in the
|
|
black, it will be changed to be only a 1% stop loss
|
|
|
|
this can be configured in the main confiuration file, the following way:
|
|
|
|
```
|
|
"trailing_stop": {
|
|
"positive" : 0.01
|
|
},
|
|
```
|
|
The 0.01 would translate to a 1% stop loss, once you hit profit.
|