⚙️ How to set it

Signals Bots Page > Create/ Edit > Advanced Settings (at the right bar) > 'Stop' Section > Stop > Personal.

When setting your Default Stop-Loss, you will have to choose a "Stop Loss Distance Percentage" and a "Stop-Loss Baseline".

The Distance Percentage value can be anything between 0.01 - 100%
The Baseline can be the trade's Average Entries, or the trade's First Entry.

🧠 How Does it Work

Default stop percentage will determine how much percent to set your default stop below the *weighted average entry price or the first entry price.
*The weighted average entry price is calculated based on the signal’s entries, and after applying your own entry configuration on them.

For example, let's assume you chose default stop of 10% and you've got the following signal:

Long Signal

BTC/USD
Entry:
1: 8500 (20%)
2: 8000 (80%) 

Take Profit:
1: 9500 (100%)

First, notice that the weighted average entry price is 8100 (8000*80% + 8500*20%). We chose 10% as the default stop and therefore our stop loss price will be 7290 (8100-10%).

How Can Default Stop Loss Affect the Trade's Entries?

In some cases, the DSL (which is calculated as % deduction from the weighted average entry price) is higher than some of the entry orders. In this case the bot will remove the entry orders that are lower than the stop loss from the trade.

For example:

DSL: 2%
X/USDT
Leverage: 1x
Entry: 
1. 100 (25%)
2. 98  (25%)
3. 96  (25%)
4. 94  (25%)

Take Profit: 
1. 120 (100%)

In this case the weighted average entry price is 97 (100*25%+ 98*25%+ 96 *25%+ 94* 25%), and our trade's stop loss price will be 95.06.

97*(1-0.02) = 95.06

Since the stop price (95.06) is higher than the lowest entry (94), the bot will remove this entry and redistribute its partial amount, as follows:

DSL: 2%
X/USDT
Leverage: 1x
Entry: 
1. 100 (33.3%)
2. 98  (33.3%)
3. 96  (33.4%)

Take Profit: 
1. 120 (100%)

Stop Loss: 
95.06 (100%)

Since the last entry was removed the new weighted average entry price is 98 (100*33.3%+ 98*33.3%+ 96 *33.4%) with a stop still at 95.06, which makes effective DSL to be 3%, although the configuration is set to DSL 2%.

Default Stop Loss Formula

LONG Trades

weighted_avg_entry_price * (1 - (default_stop_loss/leverage))

SHORT Trades

weighted_avg_entry_price * (1 + (default_stop_loss/leverage))

Automated Leverage Adjustments

Please note that for automated trades with leverage, the bot will automatically divide the default stop loss percentage by the trade's leverage to keep your effective stop loss percentage (learn more on the Automated Configuration Leverage Adjustment).

*Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set. In calculating a weighted average, each number in the data set is multiplied by a predetermined weight before the final calculation is made.