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Beginners & Help / Risk Management / Position Sizing

« on: October 30, 2022, 12:14:32 PM »

Hi. When trading, I’m used to position sizing and risk management. I saw, that I can set the maximum amount per trade and a stop loss. However, I couldn’t find an option to, e.g., set a stop loss relative to my portfolios total value. Example: let’s say, I have 1000 USDT on my an account and would like to take max 2.5% (25 USDT) risk per trade. Is there a way to configure a bot in a way that the money I loose with a trade, when the stop loss triggers, is 25 USDT — instead of setting a percentage distance to the entry price? Thanks!