For the complete documentation index, see llms.txt. This page is also available as Markdown.
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:
We want to risk a maximum of 1000 USD, with a stop loss 5% below the last daily candle
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.
