Take Profit & Stop Loss
Last updated
Last updated
User can set take profit and stop losses allowing to implement a solid risk management in the backtesting process.
User have the ability to choose:
| Option | Descrption |
|---|---|
Fixed Price | Set take profit / stop loss in a fixed price |
Currency | set the take profit / stop loss to a specific ammount of currency away from price |
Ticks | set the take profit / stop loss to a specific number of ticks away from the price |
Percent | set the take profit / stop loss to a specific % ammount away from price |
ATR | set the take profit / stop loss to a specific ammount of currency away from price using the Averge True Range |
Trailing Stop | (Only for stop loss option) Enable a trailing stop % based from the price |
The Average True Range (ATR) use a fixed period of 200 bars.
User can select a specific distance from the price (in %) that will work as trail-stop, every time the difference is bigger than the selected ammount it will update the trailing stop to meet the new distance criteria
