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A hard stop is the point in a trade that a trader will get out of the trade if it goes against him or her. Investigator insists that every system has a hard stop. Too many people lose money because they wait to long to exit a trade, thereby losing a large amount of their trading capital.

The calculation is performed as follows:

If it is a long trade, take the low of the bar you entered the trade on and multiply it by the desired hard stop percent and subtract this value to the low of the entry bar. If it is a short trade, take the high of the bar you entered the trade on and multiply it by the desired hard stop percent and add this value from the high of the entry bar.

Calculation Example