Can trailing stop override initial stop loss?
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Hello.
I use to open trades with a fixed SL of 50 points, 5 pips.
Supposing a buy on EURUSD with an open price of 1.13250 the SL will be set at 1.13200.I also use the trailing stop block this way
with a custom level, set by the variable Trailing_soglia, that is calculated with a certain logic.
Sometimes can happen that Trailing_soglia could have a value, in extreem conditions, that is lower then 1.13200 (suppose 1.13150 in the given example) but I DON'T want the SL be lower then 1.13200, i.e. I don't want to allow, never, a possible loss of more then 50 points.
Will trailing stop override the intial SL or it will adjust the stop loss level only if the price moves up?
If so, how can I solve this problem?
Thanks
Bye
Marco
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I expect that SL will move only on positive movements, this is how it should work. But if you find that SL moves backwards, report this to me
This Step of 0.1 pips... isn't this too low? It's actually possible to have value of 0 there, which means that SL will be able to move on every tick, but this will result in many requests to the server and the chance is that your broker will start to hate you
