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Does RoboRay adhere to Wealth academy’s teaching of setting a stop loss? i.e ATR below the support line? Can this rule be use in this step’s setup?

A good trading strategy requires synergy between the entry strategy, exit strategy and the assumption made for the stock selections. As ROBORAY has different entry conditions and assumptions with the strategies that are previously taught, the exit setup will naturally be different, and it will not be optimal to use the '1 ATR below the support line' or the setup previously taught for stop loss.

ROBORAY relies on indicators to create dynamic exit that will differ for each stock at different timings. Based on the past 1,000 transactions, 99% of the stop loss was triggered between 1% to 20%. The beauty is that the strategy is automatic and has been validated to work statistically, therefore removing the bulk of work from us as individual traders.

Disclaimer:

Any materials presented in this help center are provided to you for informational purposes on the technical aspects of the software solution only and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort given or endorsed by Piranha Profits Pte Ltd. Piranha Profits Pte Ltd also provides no guarantee that such information and publications are accurate, up to date or applicable to the circumstances of any particular case.