The function of the total stop loss is the same as the stop loss command (that can be) defined in the strategy - hedging the potential loss in a strategy.

Unlike the stop loss command set on the wizard, "Total SL" allows you to set the maximum amount you are willing to lose, while the strategy is running.

Since the stop loss will trigger (stop the strategy) after the total S/L has reached it (SL amount), the amount set after the strategy has started must be lower than the current P/L.

The amount value can be negative (ex. -10,000$), which will stop the strategy at a loss, or the amount can be positive (ex. 10,000$), and the strategy will be stopped at a profit. The total SL must be in USD.

*Please note that all screenshots and examples are only shown for the purpose of a technical demonstration and should not in any way be construed as recommending any type of trading strategy and they do not constitute any form of advice. Please click here for further explanation