Hi @manglamislive @artistic_soul
I would like to clarify how the “40% TSL” works in the Settle-Down 40% TSL algo, as the name can be interpreted differently.
The 40% does not mean that every position will remain open until it reaches a 40% loss from its highest profit level, nor does it mean that the position will always exit exactly at a 40% SL.
The algo follows its predefined exit logic and conditions. If any of the applicable exit conditions are satisfied, the position may be exited earlier. Therefore, the actual exit level can vary from trade to trade depending on how the position moves and which predefined conditions are triggered.
For example, if a position moves significantly into profit and subsequently starts reversing, the strategy does not automatically convert the highest profit achieved into a guaranteed locked-in profit or move the SL to cost solely because a particular profit level was reached. The exit continues to be governed by the predefined strategy conditions.
This is also why the 40% mentioned in the algo name should not be interpreted as a fixed 40% profit or loss outcome for every trade. The actual trade outcome depends on the strategy’s complete exit framework and market movement.
That said, you can also use the Algo Triggers feature available on the Stratzy web platform.
Algo Triggers gives you greater control over your active Algo trades, allowing you to manage risk, schedule exits, and lock in profits based on your own predefined conditions.
Please refer to the post below for a detailed explanation of Algo Triggers and how to use this feature on the Stratzy web platform.
I hope this provides some clarity.