Stop Loss Type
The Stop Loss Type allows you to select where your Stop Loss is set when you enter a trade with the Predator X. You have several options that are NOT available with regular ATM’s.
This option will apply to all of your orders with the Predator, Auto and Manual.
HighLow_Stop:
⤷ Sets your Stop at the High or Low of the previous bar.
⤷ Can Offset from that High or Low.
Tick_Stop:
⤷ Sets your stop X number of Ticks away from your Entry Price.
ATR_Stop:
⤷ Sets your Stop based on the current ATR value multiplied by a user defined number. This is set from the Entry Price.
SuperTrend_Stop:
⤷ Your stop will be set at the current SuperTrend value.
⤷ If entering Long, the SuperTrend must be Green and Below the current price.
⤷ If entering Short, the SuperTrend must be Red and Above the current price.
⤷ In the case you enter a trade and the SuperTrend is NOT on the correct side, it will automatically set a safety Stop 50 Ticks away from the current price.