Education
10 search results for trailing stop loss
glossary
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Trailing stop lossA type of stop-loss order set at a percentage level below the market price for a long position or above the market price for a short one. As the market moves in the trader's favour, the trailing stop-loss order will adjust automatically, trailing behind the market price by the specified percentage or dollar amount. However, if the market price moves against the trader, the trailing stop-loss order will remain fixed at its last position.
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Stop loss orderAn order intended to limit the loss on a position triggered when a specific price is reached. When the price reaches a level predetermined by the trader, the open order automatically closes. A stop-loss order allows traders to decide how much they can afford to lose.
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Stop-OutIs a point at which open positions are closed automatically due to reduction in account margin to the level that can no longer sustain the positions.
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Stop orderIs a pending orders that determines the price the position should be opened at. Buy stop order is entered above the current ask price and sell stop order is entered below the current bid price.
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Buy StopA Buy order for a price that is above the current market price. Also, Stop Buy.
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Sell stopA sell order below the current market price.
manuals
faq
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How do I set Stop Loss or Take Profit?1. Right-click on the position where you would like to set Stop Loss or Take Profit.
2. Select Modify or delete.
3. Set the desired parameters.
Keep in mind that for a short position, you can set Stop Loss above and Take Profit below the current Ask price, while when modifying a long position, you should place the Stop Loss below and Take Profit above the current Bid price. -
How do I set Stop Loss and Take Profit?To modify a position, please double press S/L (stop loss) or T/P (take profit) field of the position line in the Trade tab. Alternatively, you can right-click the position line and select Modify or Delete. Then simply set the stop-loss or take-profit level and press Modify below.
If you use the Octa trading app, go to the second tab at the bottom of the screen, choose an order you want to modify, and press the pencil icon. Tick stop-loss and take-profit options, set the limits, and press Modify Order.
Please consider the following peculiarities for:- Sell order: stop loss should be above current ask price, and Take Profit should be below the current ask price
- Buy order: stop loss should be below current bid price, and Take Profit should be above the current bid price.
Note that each trading instrument has a certain stop level, so if the stop-loss or take-profit level is too close to the current price, you will not be able to modify the position. You can check minimum stop-loss and take-profit distance by right-clicking a trading instrument in the Market Watch window and selecting Symbols from the context menu. Select the required trading instrument in the pop-up window and press Properties.
You can also modify your order from the chart. To do so, enable the Show Trade Levels option in your terminal settings: go to the toolbar and navigate Tools → Options → Charts → Show trade levels.
Then press on a position level and drag it up (to set take profit for Buy positions or stop loss for Sell positions) or down (stop loss for Buy positions or take profit for Sell positions). -
What is smart stop out?"Smart stop out" is the stop out logic applied to cTrader accounts. Thanks to this algorithm, when the margin level of your account falls below 15%, only a part of the volume necessary to raise the margin level above stop out level is closed.