Cryptohopper Config Terms Explained - I
If you set Arm Trailing Stop Loss (Arm-TSL) at say 6% ,and TSL at 3%, then here's what autobot executes:
At point A, it sees 6% increase to B, then bot is alerted. so at B, it's on detection mode to see whether price has fallen beyond TSL = 3%, so it still does not sell.
Likewise, Arm TSL is alerted at C, then at D, then at E, then at F because at each of these points, chart sees 6% increase but does not sell yet.
Only when chart reaches G from F, it sells because now bot sees decrease of 3% which equals out set TSL =3%.
The above concept of pair of Arm TSL and TSL is just REVERSE in pair of Arm Trailing Buy loss (Arm TBL) and TBL. This means just in Arm TSL, TSL, the bot chases price chart in upward direction and executes SELL; in Arm TBL and TBL, bot chases price in downward direction and executes BUY.
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