Stop Rules

rules which validate the stop level of the order atr based ensures the order is not stopped out due to volatility (as opposed to a genuine market movement) validates that the stop is placed further than a minimum distance from the entry level the distance is calculated as a factor of the atr value on that day if no stop has been specified this rule will default the stop to the given atr factor parameters atr factor number of atrs to use to set the stop this value can only be >= 1 at support ensures the stop is beyond the closest support level which might act as a volatility "magnet" there is a higher chance of being unduly stopped out if a stop loss is placed before a support level this rule also provides contextual information around the minor and major support levels seen for this particular instrument this rule defaults the stop of the order to the closest support level when no stop has been specified on the order