Similarly to a Take Profit, a Stop Loss order allows you to limit the loss incurred through a trade. As soon as the price reaches the set stop loss, the position will be closed on the market. A stop loss is indicated by a marker. It is stored locally in the Tiger.Trade terminal and will not be executed if there is no internet connection.
For a stop loss to work even when the terminal is closed or there is a sudden lack of internet connectivity, enable the option Server stop loss in the main menu in the Settings → Main settings tab in the Trading section.
To set the stop loss automatically, select Setting and options → Trading parameters in the DOM menu. In the window that opens, on the Trading tab in the Stop loss section, enter the value of the stop loss in the Size field (in price steps, not in points).
If you want the trailing stop to be set automatically, then additionally enter the margin size in the Trailing range field (in price steps, not in points).
The Margin field sets the maximum slippage when triggered. In other words, as soon as the price reaches the stop loss marker, the position will be closed on the market, but the market order will be sent to close the position with the specified maximum slippage. If the condition is not met, after the specified slippage value (in price steps, not in points), a limit order to close will be placed and the position will not be closed until the price returns to that specified by this limit order.
A stop loss can be set manually after entering a position. There are two methods to do this:
The mouse can be used to move the set stop loss. It can also be turned into a trailing stop by double-clicking the left mouse button on the marker.
Unlike a simple stop loss, a trailing stop begins to move in the direction of the open position when the price touches the marker.
The margin size can be changed by moving the marker in the desired direction with the mouse.
A trailing loss can be turned into a simple stop loss by double-clicking the left mouse button on the marker:
Stop loss settings take into account the selected price compression for the DOM when the price scale in the DOM is changed in proportion to the changed scale. In other words, for example, if the stop loss is set to 10 points in the settings, while the DOM is compressed 5 times, then the stop loss will be equal to 100×5 = 50 points.