remove SL cooldown after SL moved to break even
Let's assume we start a position, configure one or more TPs, and a 10% SL with the "SL cool down" feature enabled and set to 24 hours. Also SL protection is set to "Follow Take Profit". The idea is to allow some time for recovering when price continues to drop without ever reaching TP1, but to exit flat if TP1 is reached (but not TP2).
It actually works as promised: SL moves to break even when TP1 is reached, BUT the cool down period is still in place at the new SL level. This 0% SL effectively doesn't apply before 24 hours have passed. Meanwhile, the price can drop from TP1 to -10% or more - which was not the intention when choosing the "Follow Take Profit" protection scheme.
You could tell me otherwise, but I fail to imagine a scenario where the current behavior is desirable. Therefore, please:
The cooldown period should be deleted when TP1 is filled and SL moves to break even price. I haven't tested it, but I assume the same should be done for the other SL protection modes.
Suggested about 1 month ago
1 comment
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Good point, we will add that in the trading widget update :)
about 1 month ago