Strategy Field

Use signal stop loss

If you check the Use signal stop loss checkbox, then the stopLoss parameter in your webhook will be used if it exists. If the parameter does not exist in your webhook, then the stop loss configured in the strategy settings will be used.

You can control stop losses with a relative dollar amount or a relative percentage. In the following example, a stopLoss.stopPrice of $90 is calculated from the stopLoss.amount of $10 and the entry price of $100.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit",
    "limitPrice": 100,
    "stopLoss": {
        "type": "stop",
        "amount": 10
    }
}

In this example, a stopLoss.stopPrice of $90 is calculated from the stopLoss.percent of 10% and the entry price of $100.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit",
    "limitPrice": 100,
    "takeProfit": {
        "percent": 10
    }
}

Or if you want to control the stopLoss.stopPrice directly, you can do so as well.

{
    "ticker": "AAPL",
    "action": "buy",
    "orderType": "limit",
    "limitPrice": 100,
    "stopLoss": {
        "stopPrice": 90
    }
}

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