Position Protection

This block is used for automatically protecting open trades with stop-loss and take-profit.

Incoming Sockets

Incoming Sockets

• Own trade – the trade that needs to be protected with a stop-loss and take-profit.
• Price – the current price (can be taken from a candle, the last tick, etc.). Required for tracking the current price of the instrument and activating protective orders.

Outgoing Sockets

Outgoing Sockets

• Take-profit – an order to lock in profits.
• Stop-loss – an order to limit losses.
• Own transaction – a transaction created by one of the above orders.

Parameters

Take and Stop Parameters

• Value - the value of the take or stop.
• Trailing – is trailing protection used.
• Timeout - the timeout value after which protection is forcibly triggered at the market price.
• Market orders – use market orders (without price) for quick position closing.

Warning

Incoming transactions CANNOT be transactions of the entire strategy (the Strategy Trades block) as this will lead to incorrect calculation of the current position because the protection transactions are also strategy transactions. Transactions from orders that change the position should be fed into the Position Protection block.