Trailing
Модуль SLX

Enabled

If enabled, then Trailing will be activated in the position when a trigger event occurs
A tick to the right of the option name means that the value will be taken from the received signal from Tradingview, and not from the terminal settings.
Finandy provides 2 types of trailing:
  • Rearrangement of Stop Loss on executed Take Profits
  • Rearrangement of Stop Loss at the trigger price (traditional trailing)

Trailing on executed Take Profits

The module creates or rearranges Stop Loss when executing Take Profit in a position.

Activation

What Take Profit does the rearrangement to breakeven begin with and further follow the fulfilled goals, if it is indicated in the previous setting
For example, you chose Activation in the BU when 1 TP is executed, which means that after 1 TP is executed, the SLX module will cancel the current SL, if it is set, and create a new one at the price of the initial breakeven that was at the entry into the position.

Each TP after activation

In case if enabled, then after activation all of the executed TP`s will rearrange the Stop Loss close to trend by algorithm described in the documentation. If disabled, Stop Loss will be placed once at the breakeven price of the position.
Let's say activation occurs from the second TP. The actions will be similar if activation occurs from another Take Profit
Event
Action
Filled TP #2
All current SLs are canceled and a new SL is created at the breakeven price with the order type specified in the SLX module
Filled TP #3
The current SL is canceled and a new SL is created at the price of executed TP #1
Filled TP #4
The current SL is canceled and a new SL is created at the price of executed TP #2
etc.
etc.

Type of order

  • Virtual Floating - limit order with auto-rearrangement. It is more profitable to exit in coins with a large spread, read more →
  • Virtual Market - virtual order that executes the orders of other market participants
  • Stop Market - real stock order

Order trigger

This option works in tandem with Virtual Order Types.
Option
Description
Order book
Checks the last sell price for a Long position and buy for a Short position in the order book
1м candle,
5м candleча,
ect.
The closing price of the candle of the corresponding timeframe is checked. The first value in the name is the timeframe of the candle. If the trigger candle closes at or below the SL level for a Long position, then the Stop Loss will be triggered. For a Short position, the logic is reversed - the closing price of the candle will be equal to the price of the SL or higher.

CA action

The first time a SL is placed at the breakeven level of a position, the averaging orders will be canceled or remain unchanged.
Option
Description
Save
(by default)
When activating the SLX module, averaging orders will NOT be canceled and will remain active
Cancel
When activating the SLX module, all averaging orders will be canceled

Check profit?

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

Trailing by the price

Traditional trailing stop loss (trailing take profit).
The principle of operation is indicated in the picture

Place at Breakeven

1. Activation percentage

When the specified percentage of profit is reached in the position, a Stop Loss will be set at the breakeven price.
If the field is empty, then the setting is disabled.

2. Deviation percentage from position price

You can set the % by which the Stop Loss will be offset from the breakeven price. This allows you to get more profit if the position is closed by Stop Loss.
If the field is empty, then SLX will place a SL order at the breakeven price.

Trailing

1. Trailing activation

On achieving specified profit percentage in position the Stop loss will be set on breakeven price.
If the field is empty, then the setting is disabled.
For example, if 0.5 is specified for a Long position with a price of 100, then at a price of more than 100.5, Trailing will be activated.

2. Percentage of indent from the position Breakeven price.

Percentage of SL price lagging behind the current price of the currency pair.
For a Long position, when moving up, the SL will follow the trend, and when moving down, the SL will remain at the same level.
For a Short position, when moving down, the SL will follow the trend, and when moving up, the SL will remain at the same level.

Minimum trailing step

The minimum step between permutations of the Stop Loss as a percentage from the current price to the new one when the trigger is triggered.

Trigger price

  • Last price - follows the current price of the currency pair
  • Order book - follows the bottom price in the glass. Squeeze protection.
  • Candle timeframe - the closing price of the candle of the specified timeframe is checked, and if the distance is greater than the % deviation, then the SL moves
The movement occurs discretely, no more than 0.02% of the current price. For example, the permutation was at a price of 100, so the next permutation will be when the price reaches 100.02. That is, the permutation step for this price will be equal to 0.02

CA action

The first time a SL is placed at the breakeven level of a position, the averaging orders will be canceled or remain unchanged.
Option
Description
Save
(by default)
When activating the SLX module, averaging orders will NOT be canceled and will remain active
Cancel
When activating the SLX module, all averaging orders will be canceled

Update settings by signal

If you need to update the module settings in an open position, then send a signal containing 'update': true in the module parameters of the signal message.
If it is necessary to update the module parameters and average the position, then send 2 signals, one of which will update the module, and the second will average the position.
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On this page
Enabled
Trailing on executed Take Profits
Activation
Each TP after activation
Type of order
Order trigger
CA action
Check profit?
Trailing by the price
Place at Breakeven
Trailing
Minimum trailing step
Trigger price
CA action
Update settings by signal