How Damage Control Works?
Ken Tan
Last Update hace 9 meses
TraderTools Connector provide 4 types of damage control calculation, as explained below:
| Damage Control Type | Explanation | Value Name | Example |
|---|---|---|---|
| Wallet lost amount | The order will risk exactly "Wallet lost amount per trade (USDT)" | Wallet lost amount per trade (USDT) | If this value is 50: your order size will be derived such that it loses exactly 50 USDT during stop-loss |
| Wallet lost percent | The order will risk exactly a certain percentage of your wallet. | Wallet lost percent per trade (%) | If this value is 5, and your wallet has 1,000 USDT: your order size will be derived such that it loses exactly (1,000 x 5%) USDT during stop-loss |
| Wallet Margin | The order size will be (Leverage x Wallet margin per trade x symbol price) | Wallet Margin per Trade (%) | If you are trading BTC at maximum Leverage (i.e. 100x) and 3% wallet margin (assuming BTCUSDT is 60,000 right now): your order size will be (100 x 3 x 60,000) |
| Absolute Value | The order size will be exactly the "Amount per trade (USDT)" | Amount per trade (USDT) | If this value is 500: Your order size will be exactly 500 USDT. |