Auto stop tutorial
What is it?
Auto Stop is a feature that automatically creates a stop loss order as soon as the auto invest order executes. This is designed to act as a risk mitigation tool by settling your position once it falls below the stop threshold you set.
When to use it?
Auto Stop is a tool that automatically protects your investments against significant losses. This can be very useful when used in combination with Auto Invest and ensure that your assets are protected.
How does Anny operate on Auto Stop?
Auto Stop will be triggered as soon as the Auto Invest order executes.
Anny will not place a stop loss order if the signal doesn't contain stop loss instructions.
How can I set it up?
On Anny, go to the "Dashboard" tab, click "Signal groups", find the Signal provider group and click on Automation -> select the Auto Stop -> configure.
What are my options?
- Stop-limit margin
For safety, Anny will automatically place a STOP MARKET order whenever this type of order is available on the exchange. For example, on Binance/SPOT, STOP MARKET is not available, but on Binance/FUTURES, it is.
- Adding a margin between the stop price and the exit price will increase the chances that your order will execute.
- Your selected margin will be used to calculate the limit price of the stop order.
- Signal stop price: 0.00001234 / margin: 0.5%
- Stop price = 0.00001234
- Limit price = 0.00001228 (0.5% of 0.00001234)
- Order Trigger
With the current volatility in the markets and ongoing battles between retail and institutions stop hunting became a hot topic. To fight against stop hunting the Auto-stop now has 2 options:
- On order booking: a regular stop order is placed over your balance;
- On candle close: a liquidation market order will be fired once the close price of the candle is equal to or below the stop level indicated by the signal.
Important: please ensure you understand the applicability of this feature to your portfolio. It is not recommended to apply it to assets that are highly prone to dumps.
- Cap Loss (for external signals)
When it comes to signals from 3rd parties, you can either take the stop price of the signal or define a max loss.
- Take from the signal: will take the stop price indicated in the signal. This option may prevent you from premature exits of the signal. If the signal provider doesn’t send a stop-loss entry, Anny will not add the stop loss.
- Capped percentage over the entry order: you are in control of your losses. Anny calculates the price based on a relative percentage of your entry order. Anny will consider the signal stop-loss whenever the loss is lower than your configuration.
If you use Auto stop capping with leverage trading, be aware that the stop order can only be placed at a price of -0.25% of the market price.
How is the Stop-loss behavior in leveraged trades?
The required swing in price will be the percentage divided by the leverage.
As an example, consider a 15% loss percentage on a 10x leveraged trade. To allow the 15% loss, the price needs to fluctuate only 1.5% (15 divided by 10).
In addition, it's important to note that there is a minimum percentage limit of 0.25%, that is, if the necessary price fluctuation is 0.1%, it will automatically be replaced by the minimum of 0.25%.