Optimal StopLoss Finder
- Indicators
- Hispraise Chinedum Abraham
- Version: 1.0
- Activations: 5
Optimal Stoploss Finder
Using regular popular stoploss techniques like fixed stop losses or placing them under previous highs and lows are disadvantageous for a number of reasons:
1. Brokers know these areas already so its easy for them to take it
2. You can’t really always use a fixed stoploss with a market since it can become really wide or really thin at different times, and you’re either taking less from the market or over-exposing yourself to be stopped out quickly.
3. A lot of other people might be using the stoploss as you when you use already popular stoploss techniques to set your stoploss. Certain broker might even see your trades as copied from other traders simply because you use similar stoploss prices.
With our tool, we created a custom algorithm partly using the ATR, which calculates the market width in real-time and gives an optimal position at all times, slimming the stoploss size in a thin market and widening the stoploss size at widened market conditions, giving your trade enough space so that the market struggles before it takes your trade out or hits your stoploss price.
This is one of our best tools and can help to keep your positions safe in crazy market conditions. It is fully customizable, and you can use it on any market.