Стоп лосс по времени | Voters

Stop loss by time

under review

Александр

You need a time parameter (1-3-5-15 minutes) not to place a stop order after entering a position. And the second parameter is to close the position after X hours

April 18, 2023

Finandy Exchange

marked this post as

under review

Setting SL with a timeout is clear why. And what is the practical point of closing a position in X hours?

Maxim Shishlakov

Finandy Exchange: I'll support you.

I came up with a similar idea while collecting trade statistics. From my personal observations, if everything is fine with the idea of a trade and there are no fornication, then:

the deal must be closed in 2 hours. For me, this is a reference point in terms of trading quality;
4-6 hours - a borderline state, usually at this time, after collecting all CO, the asset gives a “last chance” - to close either with a minimal loss, or even near zero;
There is no point in waiting for more than 12 hours; the market phase changes irrevocably, even if the asset freezes sideways after collecting all the CO and does not decrease significantly. As practice shows, this is a matter of time and he will definitely do it.

This option is precisely not to wait for the asset to reach the stop, but to minimize the loss of a failed trade right away.

On the screen, today's trade is in reality using Matic. Opened at 06:15, collected by 1CO, the deal lasts almost 9 hours with take 0.35. It is logical to close it after the time has elapsed than to give it an opportunity to stop.

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