# Stop Loss (SL)

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/de1486b3-9de6-4d73-b552-04a5ba55a786/image.png" alt=""><figcaption></figcaption></figure>

### 1. Enabled

If enabled, a Stop Loss will be added when the position is opened.

### 2.1 Stop loss level as % of breakeven price

Stop loss order will be placed at % of the position's break-even price upon opening.

For example, if a **Long** position (including all entry and exit commissions) was opened at a price of **200** and a deviation of **3%** is specified (as in the screenshot at point 2), the SL will be placed at price = 200 x (100 - 3) / 100 = **194.**

### 2.2 Stop loss as % of average grid order price.

Upon opening a position, Stop Loss will be placed as a % of the average price of all grid orders. If only one order is placed, the Stop Loss will be based on that order's level.

### 3. Specific Stop Loss price

Exact Stop Loss order price is specified.&#x20;

To include this setting in the message code and transmit price by signal, check the box to the left. [Read more->](https://docs.finandy.com/algo-trading/signals-tradingview/controlling-an-option-in-the-signal)

<figure><img src="https://t24536365.p.clickup-attachments.com/t24536365/db3858d5-0578-48f5-adda-b17228012e50/image.png" alt=""><figcaption></figcaption></figure>

{% hint style="warning" %}
If you specify both a percentage and an exact price, the Stop Loss order will be placed at the exact price, overriding percentage offset.
{% endhint %}

### 4. Order type

{% content-ref url="../../../trading/create-order-grid/order-types" %}
[order-types](https://docs.finandy.com/trading/create-order-grid/order-types)
{% endcontent-ref %}

### 5. Level Reordering

If enabled, SL adjusts automatically after averaging position price, maintaining the same offset from position´s price as before.

### 6. Update settings per signal

{% content-ref url="../update-settings-by-signal" %}
[update-settings-by-signal](https://docs.finandy.com/algo-trading/signals-tradingview/update-settings-by-signal)
{% endcontent-ref %}

### 7. Controlling an option on the signal

{% content-ref url="../controlling-an-option-in-the-signal" %}
[controlling-an-option-in-the-signal](https://docs.finandy.com/algo-trading/signals-tradingview/controlling-an-option-in-the-signal)
{% endcontent-ref %}

**Do you have any questions? We can help you in our Telegram chat room.**

{% embed url="<https://t.me/finandy>" %}