⚖️Risk Management
Last updated
Last updated
Easily define your own risk management including various essential options to optimize a trading strategy professionally. You can set your values of Take Profit, Stop Loss, Multi/Partial Take Profit, Stop Loss to Breakeven, Stop Loss Follows Targets, Hedge Mode and set TP/SL based on volatility (ATR). In addition, you can decide to start changing the Stop Loss value (for the 'SL to BE' and 'SL Follows Target' options) only a certain number of bars after the start of the trade and only after reaching a Target.
➜ Start Moving SL After # Bar AND After: Start changing the Stop Loss value after # bars and after reaching a Target (Target 1, 2, 3 or 4)
SL to BE: Moves the SL to the Breakeven point (% BE below)
SL Follows Targets: Moves the SL to the Breakeven point and then to each previous target.
Hedge Mode: By default it is checked in the Ichimoku policy. Allows you to have a Long and Short trade in progress at the same time, on the same asset.
Use SL / SL Type: Used to define a fixed Stop Loss. Default in percentage and possibility to define it thanks to the ATR.
% BE: Set the Breakeven point. 0 = exact entry point. Ability to set a positive or negative value.
TP Type: Default in percentage and possibility to define it thanks to the ATR.
TP1 / % Size / L-S: Allows you to set a 1st Target of TP. % Size must be between 0 and 100. Possibility to define different Targets for Long and Short.
TP2 / % Size / L-S: Allows you to define a 2nd Target of TP. % Size must be between 0 and 100. Possibility to define different Targets for Long and Short.
TP3 / % Size / L-S: Allows you to set a 3rd Target of TP. % Size must be between 0 and 100. Possibility to define different Targets for Long and Short.
TP4 / % Size / L-S: Allows you to set a 4th Target of TP. % Size must be between 0 and 100. Possibility to define different Targets for Long and Short. % Size for TP1 + TP2 + TP3 + TP4 must be less than or equal to 100 otherwise the results will be biased.
