> For the complete documentation index, see [llms.txt](https://docs.runbot.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.runbot.io/risk-management-boxes/position-size/candle-distance.md).

# Candle distance

**This feature allows you to risk always the same amount of capital or USD, just like the Risk %/ capital or Risk constant USD. However, in addition you can consider the previous highs/lows of the selected period.** 

If you want to lose a maximum of 1000$ on a long position with a stop loss 5% below the low of the last daily candle, the bot will size accordingly. 

*Ex:*  

<figure><img src="/files/X0yOZ0UuAVdQWsxHVMlr" alt=""><figcaption><p><em><strong>We want to risk a maximum of 1000 USD, with a stop loss 5% below the last daily candle</strong></em></p></figcaption></figure>

<figure><img src="/files/fSDVnepff9jTyYrIivRN" alt=""><figcaption></figcaption></figure>

*The bot open a long position at 28 961$. The stop loss is set at 24 075$, which is 5% below the low of the last daily candle, considering the wick, or 16.89% below the entry price.*

*To size accordingly, and only risk a maximum of 1000 USD if the stop is triggered, the bot will adjust and open a position of **5920$** ((1000\*100)/16,89%).*

***

**You can also set a stop loss below or above the highs/lows looking at the ATR instead of a %, it will consider current ATR value and parameters at the entry time.**&#x20;