Finandy Docs
English
Finandy Docs
English
  • 📈Manual trading
    • Create order/grid
      • Single order
      • Order grid
      • Fibonacci grid (levels)
      • Order types
        • Limit order
        • Floating order
        • Market order
        • Stop order
        • Trailing order
        • Virtual order
      • Customisable volumes
    • Stop Loss (SL)
    • Trailing Stop (SLX)
    • Take Profit (TP)
    • Settings templates
    • Trade Reports
  • 🖥️Interface
    • User Interface
    • Chart
    • Position list
    • Signal log
    • Other blocks
      • Position settings
      • Market (currency pairs)
      • Order book
      • Notifications
  • 🤖Algo-trading
    • TradingView Signals
      • Signal interface
        • Open position
        • Averaging (DCA)
        • Close / Reverse
        • Stop Loss (SL)
        • Trailing (SLX)
        • Take Profit (TP)
      • Connection and configuration
        • Connecting the TradingView indicator or strategy to Binance / OKX
        • Position opening
        • Position Averaging
        • Closing Position
        • Position Reversal
        • Hedging
      • Signal processing logic
      • Signal testing
      • Signal copying
      • Controlling an option in the signal
      • Update settings by signal
      • {{Placeholders}}
      • Common errors
      • FAQ
  • 🌀Copy trading
    • I want to signal (copy trading Binance)
    • I want to copy trades (copy trading Binance)
  • ⚙️Settings
    • Account
      • Profiles
      • API Keys
      • 2FA
      • Telegram Bot
      • Change password
      • Secret word
      • Sessions
      • Account restart
    • Settings
      • Interface
        • General settings
        • Order creation panel
        • Stop loss (SL)
        • Trailing (SLX)
        • Take Profit (TP)
      • Trading
        • Position price calculation
        • Position PNL Calculation
        • Position Reversal
        • Position Closing
        • Auto-switching from Limit to Stop order
        • Floating order
      • Chart
        • DCA´s Average line
        • TP´s Average line
        • Show/hide orders on chart
    • Others
      • Functions
      • FAQ
      • Desktop app for MAC
      • Error codes and solutions
  • 🏛️Trading platform
    • OKX (via API-key)
    • Finandy (exchange)
      • Deposit
      • Transfer between markets
      • Liquidity
      • Withdrawals
      • Trading Fees
      • Account verification
      • API keys
      • About futures
        • Trading Rules
        • Leverage and Margin
        • Differences Between a Perpetual Contract and a Traditional Futures Contract
        • Mark Price in USDⓈ-M futures
        • Liquidation
    • Binanсe (via API-key)
      • Trade via API
      • Adding an API Key
  • 💲Earn
    • Finandy Referral Program
      • Token Bonus
  • 📖Legal
    • Whitepaper
    • Roadmap 1.0
    • Roadmap 2.0
    • Finandy Futures Agreement
    • AML Policy
    • Term of use
    • Chat Rules in Telegram
    • Сopy trading terms of use
    • Disclaimer (FIN token)
    • Privacy Policy
Powered by GitBook
On this page
  • Currency price-based trailing
  • 1. Place at Breakeven, %
  • 2. Breakeven offset, %
  • 3. Trailing activation (tracking)
  • 4. Price offset trigger (callback rate)
  • 5. Minimum repositioning step
  • 6. Min. position volume
  • 7. Trigger price
  • 8. Order type
  • 9. Action on #CA
  • 10. Update settings by signal
  • 11. Controlling an option in the signal
  • Trailing based on executed Take Profits
  • 1. Activation at BreakEven
  • 2. Each TP
  • 3. Order type
  • 4. Action on #CA
  • 5. Check profit?
  • 6. Updating settings by signal
  • 7. Controlling an option in the signal
  • Additionally
  1. Algo-trading
  2. TradingView Signals
  3. Signal interface

Trailing (SLX)

✔ Learn how to set stop loss trailing on TradingView signal on Binance, OKX, Finandy exchange: traditional price trailing, take profit trailing, settings and actions.

PreviousStop Loss (SL)NextTake Profit (TP)

Last updated 10 months ago

Finandy service offers 2 trailing types:

  • Trailing Stop Loss at trigger price (traditional trailing)

  • Trailing Stop Loss at Take Profit

Changing the stop-loss price manually while the SLX module is active will disable the SLX module.

Currency price-based trailing

Trailing stop loss principles:

  1. Currency pair price movement

  2. Trailing stop repositioning

  3. Trailing Trigger Points

  4. Dynamic stop points

  5. Stop loss activation

Settings:

1. Place at Breakeven, %

Stop Loss is automatically set to breakeven price when specified profit percentage is reached.

Disabled if field is blank.

2. Breakeven offset, %

The Stop Loss order is placed at a certain offset percentage from the breakeven price upon trigger activation in step 1. This feature can increase potential profit when the position is closed by Stop Loss.

If this field is blank, SLX will place an SL order at break-even price when the trigger in step 1 is activated.

3. Trailing activation (tracking)

Specify profit percentage for Trailing Stop activation. Disables SL module if active.

Disabled if field is blank.

For example, if 0.5 is specified for a long position with a price of 100, Trailing will be activated when the price is above 100.5.

4. Price offset trigger (callback rate)

Percentage gap between SL price and current currency pair price.

  1. Currency pair price movements

  2. VARIATION

  3. Trailing stop activation

  4. Dynamic stop points

  5. Price movement controlled by SLX module for Stop orders

  6. Position closing

Stop Loss follows the trend for Long positions when moving up and remains fixed when moving down.

For Short positions, the Stop Loss follows the trend when moving down and remains fixed when moving up.

5. Minimum repositioning step

Minimum percentage difference between current and new price required for Stop Loss movement when trigger is activated.

  1. Currency pair price movement

  2. Previous Stop Loss price

  3. New Stop Loss price

  4. Stop Loss relocation event

  5. Minimum relocation step - distance equal to or greater than the minimum Stop Loss step

SL variations occur discreetly, no more than 0.02% of current price. For example, if a variation occurred at a price of 100, the next variation will occur when the price reaches 100.02.

6. Min. position volume

If position volume is below the specified value, Trailing will not be activated and SL will not be adjusted to Breakeven.

Example

In this example, SLX module will set the stop loss to breakeven or start trailing only if the position size is overs 100.

1. Market buy for 50 USDT volume.

PnL

Position volume

Trailing

0%

50 USDT

-

2. Currency pair price increased, and trailing failed to start as position size was lower than the specified value.

PnL

Position volume

Trailing

1%

50 USDT

-

3. Position averaged out, but trailing stop still inactive as profit has not reached the set trigger.

PnL

Position volume

Trailing

0.4%

200 USDT

-

4. Currency pair price has increased and trailing has been activated.

PnL

Position volume

Trailing

0.7%

200 USDT

✅

7. Trigger price

  • Current price - follows currency pair current price.

  • Order book - follows best bid/ask price in the order book. Protects against false price movements (squeezes).

  • Candle Timeframe - SL is moved if candle's closing price deviates a certain percentage from the specified timeframe.

8. Order type

9. Action on #CA

When placing a SL at breakeven level, averaging orders will be canceled or remain unchanged.

Parameter

Description

Disabled(default)

Averaging orders will remain active and NOT be canceled when the SLX module is enabled.

Cancel #CA

All averaging orders will be cancelled when the SLX module is enabled.

10. Update settings by signal

11. Controlling an option in the signal

Trailing based on executed Take Profits

The module creates or repositions a Stop Loss when a Take Profit order is executed on a position.

1. Activation at BreakEven

When № Take Profit is executed, it moves to Break-even Point and continues to follow the executed Take Profit (if specified in set point #2).

For example, If you activate Break-Even (BE) at 1 TP execution, the module will cancel current Stop Loss (SL) after the first TP is executed and set a new SL at the original break-even price.

2. Each TP

Once activated, each executed Take Profit will move Stop Loss closer to the trend based on table´s algorithm. If deactivated, Stop Loss will be set at break-even position´s price and will not be adjusted.

Assuming activation occurs from the second TP, the module will perform the same actions for any other TP that triggers it.

Event

Action

Executed ТP #2

SLX module cancels all existing SLs and sets a new SL at break-even price with the specified order type.

Executed ТP #3

Cancels current SL, and set new SL at executed TP #1 price.

Executed ТP #4

Cancels current SL, and set new SL at executed TP #2 price.

etc

...and so on.

3. Order type

4. Action on #CA

When placing a SL at breakeven level, averaging orders will be canceled or remain unchanged.

Parameter

Description

Disabled(default)

Averaging orders will remain active and NOT be canceled when the SLX module is enabled.

Cancel #CA

All averaging orders will be cancelled when the SLX module is enabled.

5. Check profit?

If enabled, SLX module will move the SL order only when there are profits in the position. If disabled, SLX module will move SL orders regardless of profit or loss.

6. Updating settings by signal

7. Controlling an option in the signal

Additionally

  • SLX activation is performed relative to the breakeven level for the position, but without funding. In case of negative funding for a position, closing a position through the SLX module may result in a loss. In the case of a long stay in a position, the influence of deduction/accrual for funding on the middle line is controlled by the trader independently.

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

🤖
Order types
Update settings by signal
Controlling an option in the signal
Order types
Update settings by signal
Controlling an option in the signal
LogoFinandy Exchange + Binance trading terminalTelegram