Overview: Automate stop orders at specific price levels with the 'Auto Stop Loss/Price' feature in the OTS Trader bot. This functionality allows traders to specify an exact price level for their stop loss orders, providing precise risk management and trade execution.

Operation:

• Order Placement: Similar to the 'Auto Stop Loss/Points' feature, 'Auto Stop Loss/Price' automatically places stop orders while you are in a trade. The key difference is that you can specify an exact price level for the stop to be placed.

• Quantity Adjustments: The system dynamically adjusts the quantity of the stop order each time your position changes during a live trade. Traders can toggle this feature on and off as needed, and they can adjust the price level in real-time by typing in a new price level and hitting the enter key.

Key Features:

• Precision in Risk Management: Specify exact price levels for stop loss orders, ensuring precise risk management and trade execution.

• Dynamic Quantity Adjustment: The system automatically adjusts the quantity of the stop order in response to changes in your position, maintaining consistent risk management throughout the trade.

• Flexible Activation: Traders can toggle the feature on and off during a live trade, providing flexibility in managing stop loss orders based on evolving market conditions.

  
  

Conclusion: The 'Auto Stop Loss/Price' feature in the OTS Trader bot enhances risk management and trade execution by automating stop orders at specific price levels. With dynamic quantity adjustments and flexible activation options, traders can maintain precise risk management throughout their trades and adapt to changing market conditions with ease.