Configure a Stop Loss

A stop loss closes your position automatically if the price moves against you beyond a threshold you set. It runs in the background from the moment your position opens. This page covers how to configure it inside an Order node.

Open the Order node settings

Click the Order node on your canvas to open its settings panel. Scroll to the Stop Loss / Take Profit section and enable it.

Set the stop loss

Two options are available:

Fixed price: Enter the exact price at which you want the position closed. If the market reaches this price, the stop triggers.

Percentage from entry: Enter a percentage. The stop price is calculated relative to your entry price when the order fills. For example, a 20% stop loss on a long position closes it if the price drops 20% below entry.

Configure the stop order type

When a stop loss triggers, it places a closing order. You can choose:

• Market: Closes immediately at the next available price. Fastest execution, but accepts slippage.
• Limit at stop price: Closes at your stop price or better. May not fill if the market moves too quickly through the level.

Set a slippage tolerance for market-type stops to limit the acceptable range of fill prices.

Tips

• Configure your stop loss before deploying. You cannot change it on a live strategy without cancelling and redeploying.
• A stop loss does not guarantee a fill at exactly the stop price. Market orders accept slippage. Limit orders may miss the fill entirely if the market gaps through the level.

Next Steps

Now that you know how to set a stop loss, you can also set a take profit target. Both are configured inside the same Order node.