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Understanding How the Risk Management Setting Works
Understanding How the Risk Management Setting Works
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Written by help
Updated over a week ago

There are four options available for Risk Management:

1. Trail SL in multiple TP orders: This option allows you to set a trailing stop for orders with multiple take profit levels (TPs). When TP1 is reached, the stop loss (SL) will be moved to the entry price. When TP2 is reached, the SL will be moved to TP1, and so on.

2. Move SL to breakeven after TP1: With this option, for orders with multiple TPs, when TP1 is reached, the SL will be moved to the breakeven point, ensuring that you secure some profit.

3. Custom Trailing Stop: This option enables you to set a custom trailing stop. The SL will be moved after each trailing step to the stop loss value of the trailing stop. Additionally, the order will be closed partially based on the specified percentage.

4. Custom Breakeven: If you choose this option, the SL will be moved to breakeven after a specified number of points (Points to breakeven). Similar to the custom trailing stop, the order will be closed partially according to the specified percentage.

5. None: Selecting this option means that no specific risk management strategy will be applied. Only the TP and SL (if set) will be used for the orders.

These options provide you with flexibility in managing your risk and securing profits based on your preferred approach.

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