Stop-loss near liquidation price

The "Stop-loss near liquidation price" function in the "Hurricane" futures grid-bot automatically places a stop-loss on the exchange not far from liquidation price (so that the position is more likely to be closed before the liquidation price is reached and part of the margin balance is saved without paying liquidation fee).

The "Stop-loss near liquidation price" is placed at the mark price (which is used for liquidation in exchange) and with the option to reduce the position.

This option must be enabled separately in the "Stop-Losses" section. When the liquidation price of the position changes, the stop-loss near liquidation is rearranged (this does not happen instantly, but periodically).

Important: Stop-Loss is set at only 0.2% near liquidation price. With high volatility and slippage or in case of low liquidity, the exchange can liquidate before the stop-loss hits, and there is always such a risk when trading with leverage.

In case a large number of bots for different pairs are launched, the liquidation price can increase very quickly, so a stop loss before liquidation will most likely not help with extreme movement.