Trailing Stoploss

Available to Premium and Professional Users within Advanced Bot

Trailing Stoploss is an extremely useful feature for traders to capture profits as the market moves up. The stoploss price level goes up in tandem with the asset's price. So, if the price of an asset drops after appreciating, the dynamically increased stoploss level will be hit, thus capturing profits for the trader.

StockHero offers two types of Trailing Stoploss in addition to the Absolute Stoploss, which was already offered in previous versions. The two types are:

  • Fixed TSL

  • Variable TSL

Fixed Trailing Stoploss

Fixed TSL moves up your stop loss level at regular preset interval.

Based on the example above, this means the stoploss level will be set at 1% below the current all time high price of the asset if the latter's price appreciates 2% above the Buy Price. For every 2% above the Buy Price, the stop loss level inches upwards to 1% below the latest price jump interval. The Fixed TSL is immediately set when the bot opens a deal.

Following the example above, the specific stop loss values are as follow:

Asset Price

Trailing Stop Loss

Open Deal at 100 USD

99 USD

102 USD

100.98 USD

103 USD

100.98 USD

104 USD

102.96 USD

102.50 USD

102.96 USD

105.9 USD

102.96 USD

106.12 USD

104.94 USD

104.5 USD

Stop Loss at 104.94 USD

Variable Trailing Stoploss

As the name implies, Variable TSL gives the trader the utmost flexibility as to which price level should trigger a new trailing stoploss level.

From the image above, this bot has been configured for just one level for the trailing stoploss. If the price appreciates more than 2%, the trailing stoploss level will remain the same.

For the image above, there are three TSL levels configured for the bot. The table below depicts the specific TSL price for each level.

Asset Price

Trailing Stop Loss

Open Deal at 100 USD

99 USD

101 USD

99 USD

102 USD

100.98 USD

106 USD

103.88 USD

112 USD

103.88 UDS

115 USD

113.85 USD

Hint!

Variable Trailing Stoploss allows you to have a combination of Absolute Stoploss and Trailing Stoploss. Simply set the first level as

Set [ absolute stoploss ] below current price when price hits [ 0.01% ] above Buy Price.

Last updated