I added a strategy involving Stop-Loss and Resistance levels to the backtest of Havan. Stop-Loss triggers automatic sell orders at predetermined price levels, while Resistance represents price levels the stock struggles to break, both crucial in financial trading.
• A Stop-Loss and Resistance combination is an effective trading strategy. Traders place Stop-Loss orders below resistance levels to protect from losses if the stock fails to break resistance while capturing potential upside if the stock rises above it.
• This strategy is often used by traders to protect their investments, as they can set a stop-loss order that can limit their potential losses while still retaining their position in case the stock goes up.
