While the 'Channel' toggle is enabled the Stop configuration for each trade will be determined dynamically based on the signal and channel settings.

Use the 'Personal' option to override the channel and determine your own Stop-Loss preferences:

The percentage away from the ‘stop baseline’ where the trade will place a sell order at a loss.

If you use this as your baseline the stop-loss will be placed at the set distance away from the first entry price.

If you use this as your baseline the stop-loss will be placed at the set distance away from the calculated average of your executed entry orders.

You can also turn off the Stop-Loss by choosing "Off".

The Stop Loss Timeout feature allows you to define a timeout period by which to delay the closing of a trade by a stop-loss order, in case you suspect the price will change again in the desired direction shortly, and you don't want to close (sell) your position immediately when reaching the stop-loss price. How does it work?

The Trailing Stop-loss feature aims to help you protect and secure profits from trades managed by the Cornix trading bot. It's a valuable tool that, when used correctly, can enhance your trading strategy. It's essential to familiarize yourself with the five different trailing stop types our bot offers:

Each stop type requires a trigger. The trailing stop will only activate once the trigger conditions are met. Specific trigger conditions are outlined for each stop type.