Stop-loss – Veles Help Center


Stop Loss is a market order which is placed after the execution of the last order in the grid. It helps to fix and minimize losses.

On the platform stop-loss is available on the spot and futures markets for the Long and Short algorithms.

To use a stop loss, go to the bot settings and turn on the appropriate option.

Below specify at what distance in percentage from the last order in the grid the stop loss will be set.

For example, if the price of the last order is 100 and the stop loss percentage is 0.5, then the stop price is 100-0.5% = 99.5 for the Long algorithm and 100+0.5% = 100.5 for the Short algorithm.

Veles cooperates with stock exchanges!

Register using our links and get maximum bonuses from exchanges.