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Stop Loss

Written by Team cleo.finance
April 5, 2023

In this section of the guide, you will find;
What is Stop Loss?
How to set your Stop Losses?
How are the parameters calculated?
The warning messages and their explanations.

A stop-loss order helps you limit your risk on a trade. It’s an order that exits your trade once its price reaches a specified level. It serves as protection from excessive losses.

Stop loss

On Cleo Trading Platform, you can set up to set 4 Stop Loss orders.

Stop loss basic vs advance mode

Just like in Take Profit, you can use Stop Losses with either Advance mode or Basic mode.

On the Advance Mode, you can set any of the four data input as your target by clicking the target icon which will choose that data input as the main method of calculation.

Stop-loss-calculations-examples-new-visual
PnL/Available, this input basically shows your PnL on your Stop Loss in terms of percentage to your available balance.
The market price is being calculated as:<br /> <strong>Current Market Price*(1+(PnL/Position Size))</strong>
The PnL/Position size is calculated as;<br /> <strong>PnL/(Position size*Quantity)</strong>
PnL calculated as;</p> <p><strong>PnL=(Position Size*Quantity)*PnL/Position Size </strong>
Here in this row, you can see the sum of PnL and PnL/Available Balance for multiple Take Profits.

Check out this article to learn more about the common errors you might be receiving.

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