the screen what it is allowed to do, so that should help you along in figuring out what it is doing. (For example, to activate a trailing stop when the trade is 10 pips in profit, set moving averages strategy forex TrailingAct to 10). After the market closes, you tell yourself that, "My trailing stop loss order needs to go under the current days low or the previous days low, whichever is lower.". Note that at this point your stop loss order is going to be close to your entry price. No type of stop loss protects you after the market closes. Parameters: AllPositions - use trailing stop for all opened positions. TrailingStop - fixed size of the trailing stop.
Trailing stop loss trading strategy
Just move your stop loss order to break even. Finally, see this page for why you may not want to use stop loss orders (especially on forex trading step by step pdf Nasdaq stocks). Trailing stop loss is a feature that some of the trading platforms, including MT4, support. You can do it either way. If you set the value too tight, you might trigger a sale prematurely.
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