Home › Community › Trade Signal Discussion › Is Stop Loss ok?
- This topic has 3 replies, 2 voices, and was last updated 1 year ago by
Bug001.
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- March 27, 2020 at 6:02 pm #8056
Bug001
ParticipantBTC signal bought at 6657.58 and has a SL at -3.98%. So it was supposed to sell at 6392.90.
Now it’s 6250, but nothing happened. - March 27, 2020 at 7:38 pm #8057
Bug001
ParticipantIt closed the position at $6254.89
- March 30, 2020 at 1:03 pm #8077
Justin
ModeratorYes, unfortunately this blew through the stop loss. This is the second recent time we had a “crash in minutes.”
After Bitcoin Plunged 7.5% in Minutes, Traders Fear the Worst Is Yet to Come
There are some improvements we are investigating to make our stop loss system faster. But this move even went through traditional stop losses. Regardless, I want a good fix on our end to avoid losses like this.
One action we took in response was to deploy an updated BTC model that has learned from this recent 6-7K channeling and these two drops. Right before this crash, it looked like BTC might “break out” but it crashed instead–we want our model to smell this sort of thing coming as best as possible.
- March 31, 2020 at 5:31 pm #8107
Bug001
ParticipantThank you for your kind reply!
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