I dont understand trailing stop
-
@ontradingx the drawing is put above with description.
its 6 days before this message -
I'll try to explain to you why I set it up like this:
Trailling Start set 100, but why?
Answer: I want when the price reaches 100 points away from (order opening price) it triggers and moves my Stop Loss.Trailling Stop set 50, but why?
Answer: I want that when there is the triggering of Trailling Start, my Stop moves to 50 points away from where the triggering happened, that is, if the triggering happened in 1100, move to 1050.Trailling Step I set 0, but why?
Answer: I want that when the price is above the point where Trailling Start 1100 was triggered, it moves the StopLoss at each point, the 0 means no (delay), every point that walks it will walk together, visibly you are not seeing but there is a level where every time he gets a new point and and pulls the stoploss together also a new point, they go together, if you put for example (5) on the trailling step, you are talking ( delay 5 points to move the Stop Loss The higher the value, the more delay you are putting, the closer to 0 the shorter therefore the movement is faster. -
@ontradingx Thank you for explaining
-
@ontradingx So the stop loss will stay there and wont move up if 1 pip profit is made? it will only make a new stop loss if there is another 100 pips in profit? Thank you very much
-
@william-1 The stop loss will move every 1 pip of profit, as the 0 is saying this, without delay, every new profit moves the stop loss together.
