Trailing Stop

Stop Loss is intended for reducing of losses where the symbol price moves in an unprofitable direction. If the position becomes profitable, Stop Loss can be manually shifted to a break-even level. To automate this process, Trailing Stop was created. This tool is especially useful when price changes strongly in the same direction or when it is impossible to watch the market continuously for some reason.

Trailing Stop is always attached to an open position or a pending order. It works in the client terminal, not at the server like Stop Loss, for example. To set a trailing stop, execute the "Trailing Stop" command of the position or order context menu in the "Trade" tab:

After that in the appeared window select a necessary value of a distance between the Stop Loss level and the current price. The following window appears if you press the " Custom" button:

You can indicate Trailing Stop manually in this window.

Scheme of Trailing Stop Operation

• When new quotes come, the terminal checks whether the open position is profitable.
• As soon as the profit in points becomes equal to or larger than the indicated level, an automatic command is generated to place a Stop Loss at the indicated distance from the current price.
• If price moves increasing the position profit, "Stop Loss" is automatically moved together with the price.
• If the position profit decreases, the order is not modified, automatically fixing the profit of a trading position.
• If a Stop Loss has been set to a position, it also moves together with the position profit increase and remains unchanged if it decreases.

With each automatic modification of Stop Loss an entry is created in the journal.

Trailing Stop can be disabled by setting " None" in the control menu. The " Delete All" command disables all Trailing Stops of all open positions and pending orders.