Win / Loss Count Limit
The Win/Loss options are used to help limit your trading to only a set number of Wins or Losses per day.
These options determine a win and loss by the PNL at the start of the trade vs the PNL when you exit the trade fully. You can add on to your position as many times as you like during a single trade. It will only count 1 trade once you go back to a FLAT position.
Win:
⤷ PNL ends higher than the PNL at the start of the trade.
Loss:
⤷ PNL ends lower than the PNL and the start of the trade.
Note that it does NOT matter how much higher or lower it closes. As long as there is a PNL difference, it will count the win or loss. If it’s breakeven, there will be NO trade counted.
Win/Loss Per Day:
This is how many wins or losses you can have in a single day. After you reach your limit of wins or your limit of number of losses, the Predator will stop taking Auto Entries.
Win/Loss In A Row:
This is how many Wins or Losses are allowed consecutively. They must happen one after the other.
⤷ If you have multiple wins in a row and you get a loss. It will reset the count for Wins back to 0.
⤷ If you have multiple losses in a row and get a win. It will reset the count for Losses back to 0.
Trail Loss After Win?
This is an additional option to be used with Win/Loss In A Row. This will tighten the criteria for your loss. This can be helpful to allo an initial number of losses at the start of a day. But as you move into proft and get a few wins a row, you may find that you want to limit your losses even more at this time.
Start Trail After X Wins:
⤷ After these many wins a row, it will move your Loss in a row criteria up to the Trail Loss In A Row .
Example below.
⤷ We have 3 INITIAL Losses in a row.
⤷ Once it reaches 2 wins in a row, it activates our Trail.
⤷ We can keep winning, but as soon as 1 trade ends in a loser, it will stop taking auto entries.
