Good morning, and have a great weekend, everyone 🌞 It seems like I’ll never finish tweaking the mechanics of my trading bot😁✊ We’ve reworked the Stop Loss placement mechanism. Previously, it was set at a distance of 5% from the price level and was static. I noticed that quite often the price hits our stop and then continues as planned. We analyzed trades over a 2-month period, and our suspicion was confirmed. We were placing the stop right behind the level where most other traders place theirs - and these stops are often triggered before a reversal. Now, the stop distance = 1.25 × ATR - the average candle range over the last 14 four-hour candles (with a floor of 0.8% and a ceiling of 2.5% of the price). In layman’s terms: the stop is measured by the market’s current “breathing.” If the market is breathing shallowly - the stop is tight (~−10% with leverage) - there’s nowhere to move it further, but the noise is also minimal. The market is breathing widely - the stop moves further away, and the usual “close call” that used to kill us is now just a shadow within the tolerance range. Analysis showed that this stop-loss mechanism would have saved 11 out of 34 losing trades and yielded a +198% PNL over the past two months. It looks like another weak spot has been found 👀
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