How Stop Loss and Trail Stop Loss work on UniDexBot Cycles?

What is Stop Loss?

Stop Loss is fixed point of trade. Suppose if you have kept a 5% stop loss on a token when the price is 100, the stop loss will trigger at 95.

What is Trail Stop Loss?

Trail Stop Loss is not a fixed point of trade. It keeps following the price up. Suppose if you have kept a 5% Trail stop on a token when the price is 100 and your target price is 150. Until the price reaches 150, the trail stop won’t come into picture. Now, consider these price movements:

100->110->150->160->140->150->170->168->180->170->TRIGER

It will only trigger at the last point. Here is why:

110->150- Here it gets activated.

160->140- Here, it won’t work because 140 is below original target point (150)

140->150 -It gets activated once again.

170->168 — It won’t work because 5% drop requirement is not met.

180->170 — Works here because 5% back trace requirement and above original target price condition (150) is met.

UniDexBot allows you to keep Stop Loss and Trail Stop Loss for each tokens in the pair separately:

An ideal trail stop should be 1/10th of volatility percentage. Or let’s just say it should just add a small percentage only to your Target volatility %.

Can you create both Stop Loss and Trail Stop? — Yes, you can. If you do not want to create one or both of those, leave it blank.

Stop Loss and Trail Stop will be available for 1 UNDB and above tiers only.

Article Credit: @BitCoinly

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