Questions on trailing stop
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Hi there! I have a few questions on trailing stop. I'd be honored if you could help me on this
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What is a trailing step?
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What this sections is about "trailing start (profit treshold)?
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I manage a trailing stop of 5 pips but when it comes to trading, I see that it changes even the stop loss (sl of 40 pips has come to 7 pips for exmple). why this happens?
Thanks in advance
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For Buy:
if Ask - SL >= TrailingStop + TrailingStep => set SL to Ask - TrailingStop
but do this only when Ask - OpenPrice > TrailingStart if TrailingStart is set
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__For Buy:
if Ask - SL >= TrailingStop + TrailingStep => set SL to Ask - TrailingStop
but do this only when Ask - OpenPrice > TrailingStart if TrailingStart is set[/quote:1ogk88gm]
I'm sorry but I just didn't get your point. My problem is when I set TrailingStop it affects my StopLoss point and when price moves in my favor my StopLoss (and trailing stop) moves too. Whereas my StopLoss must not move!
Where am I wrong with the settings?
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But this is the idea of Trailing stop, to move SL. This is what I got - http://prntscr.com/94b7x8 - it looks as I expected. But you have Step as 0, which is ok for the EA, but it results in many modifications and brokers don't like such behavious, so I will recommend to have some Step.
Otherwise I explained the logic behind this block.