Question 1

Why do I need the UseSecondStop parameter in the strategy settings?

Accepted Answer

In the strategy settings, there is the UseSecondStop parameter, it allows (YES) or not (NO) to use the second stop loss. Condition of second stop: "If after TimeToSwitch2Stop for seconds or more the price is higher than PriceToSwitch2Stop, then apply second stop loss, i.e. move stop-loss1 line to stop-loss2 line". Most often it is used as a "stop-loss", that is, if the price rose, for example +1%, then you have to move the stop-loss1 line to the stop-loss2 line at +0.3% (to breakeven position).

Question 2

Why do I need the UseSecondStop parameter in the strategy settings?

Accepted Answer

In the strategy settings, there is the UseSecondStop parameter, it allows (YES) or not (NO) to use the second stop loss. Condition of second stop: "If after TimeToSwitch2Stop for seconds or more the price is higher than PriceToSwitch2Stop, then apply second stop loss, i.e. move stop-loss1 line to stop-loss2 line". Most often it is used as a "stop-loss", that is, if the price rose, for example +1%, then you have to move the stop-loss1 line to the stop-loss2 line at +0.3% (to breakeven position).