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SL on candle close

SL on candle close is a Stop Loss execution mode in Smart Trades where not only the fact of the price crossing the level is taken into account, but also the close price of the candle on a selected timeframe. The function works for both long and short trades.

At the moment, SL on candle close is available only for Binance and Bybit Futures.

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How it works

In the Stop Loss parameters, a timeframe is selected that is used to track candle closes. The price crosses the Stop Loss level. The system tracks the close price of the current candle on the selected timeframe. When the candle closes:

  • if the candle closes inside the Stop Loss boundary (for a long trade, above the SL level; for a short trade, below); Stop Loss is not executed and the position remains open;

  • if the candle closes in the Stop Loss zone (for a long trade, below the SL level; for a short trade, above); an order is sent to close the position by Stop Loss at the current market price.

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Configuring SL on candle close

The mode is configured in the Smart Trade editing window in the Stop Loss block in the Tiger.com web terminal:

  • select SL candlestick close;

  • set the timeframe that will be used to control candle closing.

For the daily timeframe 1D, candle close is tracked in UTC.

In the trade list, an active candlestick close Stop Loss is displayed in the progress bar: it shows the Stop Loss level with the selected timeframe below it (for example, 1D).

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Limitations and compatibility

The following limitations apply to SL on candle close:

  • the mode cannot be used together with Trailing Stop Loss and SL Timeout;

  • when Breakeven is enabled, after the first Take Profit target is executed, a regular market Stop Loss is moved to the entry price level and SL on candle close is automatically disabled.

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