Difference between trailing stops and trailing steps and how can I add it to my bots @jstap
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Hello professionals, I am a beginner and I am asking for all your assistance. I want to know the difference between Trailing step and trailing stop and I want to know how to attach it to my forex bots
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Trailing stop is the maximum distance there will always be betwee the current price and the SL. In no case that distance will be higher. It can only be shorter. Trailing step is the diatance the SL will be moved on the chart every time price is at the exact trailing stop distance from SL. You can create 2 constants to select both values.