Default Stop

Default Stop configuration:

Main Menu > Bot Configuration > Trading > client name > Stop-loss >  Default Stop 

Default stop percentage will determine how much percent to set your default stop below the *weighted average entry price.

For example, let's assume you chose default stop of 10% and you've got the following signal:

BTC/USD
Entry:
1. 8500 (20%)
2. 8000 (80%)
Take Profit:
1. 9500 (100%)

First, notice that the weighted average entry price is 8100 (8000*80% + 8500*20%). We chose 10% as default stop and therefore the stop that will be created for us will be at price 7290 (8100-10%).

* weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set. In calculating a weighted average, each number in the data set is multiplied by a predetermined weight before the final calculation is made.