How to set a Stop Loss for a buy position on Woxa?

1 min. readlast update: 11.08.2023

On Woxa, if you buy position at the market price or place entry orders and set stop loss in case buy position. 

By using leverage x1.

You can set Stop Loss or not depending on your decision.

1. You do not choose to set Stop Loss.

  • The platform will automatically set Stop Loss at 100% of the amount. 

2. You set a Stop Loss.

  • Minimum Stop Loss can set at least current price -1 point.  
  • Maximum Stop Loss can possibly be up to 100% of amount.

By using Leverage more than x1

*must set the Stop Loss* 

  • Minimum Stop Loss can set at least current price -1 point.  
  • Maximum Stop Loss can be set up to 50% of amount.

In calculating the Stop Loss for a buy position that you have opened, it can be calculated from: Formula: Amount Stop Loss = (Stop Loss rate - Open rate) x Units x Conversion rate 

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