Feature request: Auto stop loss

I’d love to see a feature which sets a configurable auto stop loss order with any order from a system. I’d prefer an absolute amount which I’d be willing to risk in one position, and I’d like to set it for each system I’m subscribed to independently. C2 would then have to check if the system’s author opens a position with a stop loss order, and if not it would generate such an order (after a configurable time after the original order is filled) according to my settings. I’d love this additional safety brake for some wildwest stile trading systems on a wild goose chase.

Why would you want to subscribe to a wildwest style system on a wild goose chase?



Besides that, when you override a system’s stops you are changing the whole character of a system. I think there are enough systems on here to pick one you are comfortable with. I think if one is not comfortable with the stops, or lack of stops on a system, then one shouldn’t subscribe to it.



Just my 2 cents.

- Fanus

Uncanny experience with some of the systems I’ve subscribed to lead me to my suggestion. I like those systems for picking the right stock at the right moment, but I’m not willing to share their author’s risk. I don’t mind to change a system’s character if I can make it a better character :wink:

And for the wild goose chases: You never really know until you subscribed yourself if the good results in the past are the result of ingenuity, intuition, a systematical approach or sheer luck. And even the sheer luck systems can still be made profitable usage of if you harness their recommendations with some additional reins.

And finally, a automatic stop loss would serve as an additional insurance against the occasional error in spelling or order sizing (which both happened to me from different systems in the last few days).