🛑Risk Management & Stop Loss
Crypto Punk - Risk Management & Stop Loss
Risk Management
Enable Risk Management if you want to set a Stoploss, TrailingStop, or Risk Reward.
Stoploss
The Stop Loss Distance is set in points.
Trailing Stop
The value 0 means that the Trailing Stop value is set automatically.
Values between 1 - 2 are considered as scalping trailing stop.
Values between 3 - 5 are considered as trend trailing stop.
Values above 5 are considered as swing trading trailing stop.
Risk Reward
Risk Reward is calculated from entry, the set stop loss, and the preferred risk reward.
If you leave the "Set StopLoss Distance" to the value 0, the bot will set the Stop loss automatically for you. You just have to set the Risk-reward.
If you want to set the Stop Loss yourself you can change the "Set StopLoss Distance" to the preferred Stop Loss Distance. The Stop Loss Distance is set in points.
Based on the Stop loss you have set you can simply select your preferred risk reward.
Add to the current position
You can read about how you can add to a current position here.
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