equity stop loss question?

s1.dasher1 since: 23 Feb 2021;

  23 Feb 2021, 07:15
equity stop loss question?

I set a stop loss if my account drops to 500$. if the trader has an open position and its losing, when it reaches the 500$, my account will close the position automatically? or does the position only close when the trader executes the order? this could save me from a scam.

PanagiotisCharalampous's avatar

PanagiotisCharalampous since: 13 Jan 2017;

  23 Feb 2021, 08:48

Hi s1.dasher1,

When the stop loss for your account is reached, then all positions of your copying account will be closed automatically.

Best Regards,

Panagiotis 

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