Stop Loss Offset definition
Examples of Stop Loss Offset in a sentence
Ticks means the Stop Loss Offset is expressed as a number of Ticks.
The following explains how to interpret the sign on the Stop Loss Offset value: • A positive value implies moving the stop farther away from the entry price • A negative value implies moving the stop closer to the entry price Here are examples of Stop Loss Offset application: Here we are using the Last Swing point as the stop anchor.
Stop Loss Offset Any integer (positive or negative) Default = 0 This sets the distance to shift the stop from the initial stop reference point, as determined by the Stop Method parameter.
Once the Pattern Range boundaries have been determined, the Stop Loss Offset defines how far to adjust the Stop relative to the upper (Shorts) or Lower (Longs) boundary of the Pattern Range.
This parameter only appears if Enable Algo Stop Loss is turned On. Stop Loss Type Ticks/ PercentOfPatternHL Range Default = Ticks This determines how the Stop Loss Offset will be measured.
The Algo-based Stop logic for the AT Trader Algo places the stop at the stop reference point (see Stop Method), plus a user-specified Stop Loss Offset.
This parameter only appears if Enable Algo Stop Loss is turned On. Stop Loss Type Ticks/ PercentOfErcRange Default = Ticks This determines how the Stop Loss Offset will be measured.
The rule of thumb for interpreting the sign of the Stop Loss Offset is as follows: a positive value means moving the stop farther away from the entry price, a negative value means moving the stop closer to the entry price.
PercentOfErcRange means the Stop Loss Offset is expressed as a percent of the high/low range of the Megabar.
Stop Loss Offset Any integer Default = 0 This sets the distance to shift the Stop from the reference price, where the reference price is the opposing wick of the Megabar.