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Trailing Stop Loss on Binance. Rearengement Stop loss to breakeven by trigger on Binance. - YouTube
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hi everyone today i'm going to tell you
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about trailing stop-loss settings go to
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slx module in trailing mode option
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choose by trigger price let's take a
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closer look at the options place a break
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even it is a position profit percent
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upon reaching which the stop loss order
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is moved to break even
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if this field is left empty then the
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rearrangement to break even is disabled
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second parameter of this option is for
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shifting the sl price from the breakeven
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price if the field is left empty then
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the shift is equal zero set positive
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value to lock in a guaranteed profit
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trailing a position profit percent upon
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reaching which the trigger price
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tracking will be activated
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on negative values trailing will work
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out on losing position
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leave the field empty to disable
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trailing stop loss this is only
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necessary if you use a stop loss
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rearrangement to break even without
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trailing next parameter is call back
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rate a distance from trigger price to
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stop loss order price in percents
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min trailing step is the minimum step
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between adjacent rearrangements of stop
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loss and percentage on trigger
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trigger price
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is the type of event in which the
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trigger price and the stop loss price
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are checked the sl order will be
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rearranged into a new price if the
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distance between the trigger price and
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the stop loss price is more than the
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callback rate and the difference between
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the new sl price and the old sl price is
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greater than the minimum trailing step
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let's see the rearrangement logic for
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example we've opened a long position on
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price 100 and set the trailing with
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further parameters please notice in
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position we can set the initial stop
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loss in the sl module in case the trend
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goes in opposite to our direction and it
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will be cancelled when the slx module is
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activated so the price reached 100.51
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and in the slx module activates
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instruction to set stop loss on
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breakeven the current stop loss order is
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cancelled and the sl module is
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deactivated the slx module sets stop
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loss to break even at the price of 100
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then price reached 102 and trailing an
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slx module is activated slx module
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cancels the current stop loss and sets
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the new one on price equal to 102 minus
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one percent where one percent is the
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percent of decline so the price of the
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new stop loss order will be equal to
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100.98
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next stop loss rearrangement would be on
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price 102 plus minimum trailing step so
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the next trigger will be on price 102.1
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and the new stop-loss price will be at
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101.08
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further upward movement will be the same
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as the last operation if the price goes
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down then stop loss leaves on the same
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price and doesn't move at some point
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during the rollback price will reach the
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stop loss order and the position will be
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closed for shorts the position will be
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similar only vice versa to summarize for
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long trailing will move the sl order
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only up and for short only down at a
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distance to the trigger price of the
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given callback rate with a trailing step
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greater than the minimum if the trigger
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event is set as a candlestick with a
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selected time frame then the system will
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check the trigger price which is equal
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to the closing price of each candlestick
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and if the difference between the
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candlestick's closing price and the
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current stop loss order is greater than
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the callback rate value then the sl is
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rearranged show you one real trailing
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example to fasten the demonstration
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we'll open two positions in hedge mode
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here in a profitable position the price
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reached the level when the sl order was
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moved to break even and the stop loss
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which was set upon entering the position
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was cancelled the trend reached the
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price of trailing the current sl was
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cancelled and a new one was placed at a
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distance to the trigger price equal to
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the callback rate we see a further
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movement of the trailing stop loss as
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well as stops when the trend rolled back
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and now the trend reaches the stop loss
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and the position is closed i will leave
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in the video description how to set up
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trailing by take profit if you have any
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questions ask in the comments good
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trading to you see you soon on the air
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