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.
⤷ Set the Range of candles to look for the Lowest/Highest points.
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.
⤷ Will Automatically adjust based on current market volatility/average range of the bars.
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 based on the Min/Max settings.
Percent_Stop:
⤷ Sets a stop based on a percentage of the current price.
⤷ If current price of the instrument is $22,500 and we have a 1% Stop. Our stop will be set at $225 away from the current price. ($22,275 when entering Long)
3rd Party Indicator Plot (STOP):
Set your Stop to any Indicator Plot Follow these steps:
⤷ Step 1: “Show Historical Trades” must be turned OFF (Only works in Real Time / Market Replay)
⤷ Step 2: Your Indicator Plot must be on the chart BEFORE enabling The Predator
⤷ Step 3: After enabling wait for a price change in the market (when your PNL shows on the chart)
After following these steps, it should appear in the Stop Loss and Trail Stop drop downs in the Chart Trader Panel.
Use the Split Stop Loss Button to choose a different Stop Loss for Long vs Short
Min/Max For Your Stop Loss:
This function is used to limit the Minimum and Maximum amount of ticks for your Stop.