Stop loss settings
Settings in this category can be used to configure when to stop a futures position.
Label | Config Parameter | Default Value | Detailed Description |
---|---|---|---|
Stop limit | STOP_LIMIT | 999999 | Sets the threshold for triggering a sell or close order to minimize losses.It represents the Return on Equity (ROE) below break-even. Essential for controlling potential losses. |
SL disable buy | SL_DISABLE_BUY | false | When activated, this prevents placing new buy orders once the stop limit is reached. It's a safety feature to avoid entering new positions which might be at a higher risk of loss after a significant market movement. |
SL disable sell | SL_DISABLE_SELL | false | Disables placing new sell orders for a short position once the stop limit is reached. This helps manage risk by preventing further selling at potentially unfavorable prices in a volatile market. |
Buy stop | STOP_BUY | 0 | This parameter places a stop market order a specified percentage below the entry price, specifically for Bitmex markets. Setting the value to 0 disables this feature. |
Sell stop | STOP_SELL | 0 | Places a stop market order a specified percentage above the entry price for sell orders, applicable only on Bitmex. |