do trading bots have a stop loss | Can a trading bot make losses
No bot is failure-proof, but traders can take steps to manage risks. Thoroughly backtesting algorithms in a simulation before going live is essential.
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This allows for assessing performance across different market conditions. Traders can then optimize strategy logic and tune settings to build in more resilience
Stop Loss Price – This amount should be below the lower price. When the market price hits the Stop Loss Price, the Grid Trading Bot will sell a pre-set portion of the base currency at the market price to cut losses for the user.
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DISCLAIMER: All of the information presented is strictly for educational and entertainment purposes, nothing should be taken as legal or financial advice. The video content represents the opinions and experiences of the speaker. Investments in both crypto-related and real world assets pose a certain degree of risk and this content will never suggest or recommend any type of investments. Please do you own research and asses your personal situation before making any financial decisions.
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