Stop Loss as a Percentage of Total Liability

[Online Trader]

I am trying to add a rule to my bot that will place a stop loss once a certain percentage of my liability is reached, i.e. once my liability reaches 15% of my total liability close the trade for a loss

Any help with this would be much appreciated

[Dallas]

There's a similar example here
viewtopic.php?f=53&t=23331

You would just need to change the first rule and apply it to a selection you won't be trading (ie, one that you'd have the liability on)
Then on the stored value tab change the VWAP to store the value of the P/L of a selection
and further down make an adjustment to set the percentage you want

[Online Trader]

There's a similar example here
viewtopic.php?f=53&t=23331

You would just need to change the first rule and apply it to a selection you won't be trading (ie, one that you'd have the liability on)
Then on the stored value tab change the VWAP to store the value of the P/L of a selection
and further down make an adjustment to set the percentage you want

Thanks Dallas

I am OK with this up to the final bit, 'further down make an adjustment to set the percentage you want', where do you find this?

Thanks in advance

[Online Trader]

There's a similar example here
viewtopic.php?f=53&t=23331

You would just need to change the first rule and apply it to a selection you won't be trading (ie, one that you'd have the liability on)
Then on the stored value tab change the VWAP to store the value of the P/L of a selection
and further down make an adjustment to set the percentage you want

Thanks Dallas

I am OK with this up to the final bit, 'further down make an adjustment to set the percentage you want', where do you find this?

Thanks in advance

Scrap that I think I have found it

[brimson25]

Dallas, thanks for this, can I check. I'm using this for a lay to back bot. What should I apply this too? You say in this thread to a selection I am not trading on? so not the horse I am laying? I don't understand this. Thank you in advance.

[Dallas]

Dallas, thanks for this, can I check. I'm using this for a lay to back bot. What should I apply this too? You say in this thread to a selection I am not trading on? so not the horse I am laying? I don't understand this. Thank you in advance.

If backing you would use any other selection that you've not placed a bet on, if laying then you can check the selection you've layed

[brimson25]

thank you. I get the difference now. Cheers.