Stop Profit and Stop Loss
The stop profit and stop loss function is a key part of trading strategies, used to set specific price points to lock in profits or control losses. Enabling stop profit and stop loss in live custom indicator trading can automate the monitoring and execution of your stop profit and stop loss strategies.
You can set stop profit and stop loss based on the percentage difference between the stop profit and stop loss price levels and the entry price (i.e., spread rate), or based on the fixed amount difference between the stop profit and stop loss price levels and the entry price (i.e., spread).
Once set, the trading system will automatically monitor each executed order. When the market price reaches your preset stop profit and stop loss levels, it will quickly execute a market order to close the position. This automated stop profit and stop loss setting does not require manual monitoring and can automatically execute selling and closing operations, capturing profits and limiting potential losses.
Example Explanation
The indicator signal triggered a buy signal at 16:35 today, purchasing 1 unit of the trading pair at a price of 90.75 USDT. Based on your stop profit and stop loss settings (spread setting: stop profit 3 USDT, stop loss 3 USDT), the system will monitor the latest price of the current order. When the latest price is ≥93.75 USDT (90.75+3) or ≤87.75 USDT (90.75-3), the system will quickly trigger a market order to close the position.
At 20:55 on the same day, the system monitored the latest price of the trading pair at 93.76 (≥93.75 USDT), surpassing the preset stop profit level. At this point, the system will quickly place a market order to sell 1 unit of the trading pair, locking in your profit and automatically earning 3 USDT!
❗️Market price stop profit and stop loss may experience slippage during actual transactions (i.e., there may be differences between the actual stop profit and stop loss prices and the trigger prices). This example is for instructional purposes only.
Operating Steps
Operating Instructions
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
