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How can I limit my losing streak?

You can limit losses in the exit rules. This type of rule is convenient for setting both benefits and losses.

Tradeasy will require having at least one exit rule; to confirm that the open orders will be closed under some condition. Nevertheless, it is essential to have a loss exit rule in your system.

The exit rule in losses can be with an indicator, such as when crossing a downtrend moving average. The indicators set as exit rules are order events. Those are conditions that are going to evaluate the development of your orders to decide when they close.

The exit rule in losses can be with an indicator, such as when crossing a downtrend moving average. The indicators set as exit rules are order events. Those are conditions that are going to evaluate the development of your orders to decide when they close. In the simulation, you can analyse the loss element, understood as an achievement of a loss period consecutive. The drawdown parameter analyses the result of the highest losing streak. There you will have the percentage of the highest loss streak. This drawdown must be a reference used to know beforehand how much your robot could lose. When setting a robot, the usual thing is to fix this level for deciding if you want to deactivate the robot once that level is achieved. For example, if my drawdown in the simulation has been 15%, in reality, I will stop the robot when it loses 20% or more.

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