Dynamic Drop Loss

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Haasbot's Static Drop Loss Safety is a Safety that will automatically adjust the Drop Loss price according to the user's configuration. This is similar to the Static Drop Loss Safety, but that it automatically determines the price, based on the % of the drop (99% is equal to %1 drop in price), and the time span for which the price would need to drop before the Safety readjusts the Drop Loss price.

Haasbot 2.0 Interface

Safeties Dynamic Drop Loss.PNG

Usage

This Safety is useful for allowing the software to follow the price and to sell a bought Position if the price drops below the generate price threshold. It is very useful to get out of a bought Position in times when the market crashes, so that you can buy back in at the bottom of the price drop.