Home › Community › Trade Signal Discussion › Is Stop Loss ok?

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    • March 27, 2020 at 6:02 pm #8056
      Bug001
      Participant

      BTC 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
      Participant

      It closed the position at $6254.89

    • March 30, 2020 at 1:03 pm #8077
      Justin
      Moderator

      Yes, 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
      Participant

      Thank you for your kind reply!

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