Risk management | How to create a cryptocurrency trading bot? – Part 9

Risk management | How to create a cryptocurrency trading bot? – Part 9

Follow my cryptocurrency pricing bot https://twitter.com/denario_bot

Interested in purchasing cryptocurrency trading bot? Send your in inquiry to denario@protonmail.com

Denario Research is launching video tutorial series dedicated to cryptocurrency algorithmic trading. These would practical tutorials where I will show you how to build own trading bot.

In this video we will look through various stop loss types that will help us to manage risk and minimize losses. We will consider fixed, time based stop losses. They are the simplest but very inefficient. Also I will talk about structure based stop loss. Which is the most popular
and common among retail traders. Structure based stop loss uses support and resistance levels and peaks and valleys. Typically trader places stop loss order bellow support or above resistance levels.

And finally we will dig into volatility based stop loss which uses ATR technical indicator. I will show you ATR helps to calculate sop loss order price.

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