The examples below will help you better understand how the Trailing Stop feature can be used.
Please note this feature can be used to both move the stop once or move it continously. You can setup up to 5 levels, each with individual settings.
Example 1: Simple
In this example we are setting up a standard trailing stop.
When the order is in profit by a certain number of pips, the stop will be moved continously a certain number of pips from the market.
- Profit = 25: Start trailing when the order is in profit by 25 pips.
- Pips = 10: Trail the stop 10 pips behind the market.
- Step = 1: The stop will be modified for every pip.
- Trail = Checked: The stop is moved continously.
Example 2: Classic
In this example we first move the stop once, and then trail in later.
When the order is in profit by a certain number of pips, the stop will be moved once to a certain number of pips from the entry price.
- Profit = 20: Move the stop when the order is in profit by 20 pips.
- Pips = 5: Move the stop to entry + 5 pips.
- Step = 1: Stepping doesn’t apply when moving the stop.
- Trail = Unchecked: The stop is only moved once.
When the order is in profit by a certain number of pips, the stop will be moved continously a certain number of pips from the market.
- Profit = 35: Start trailing when the order is in profit by 35 pips.
- Pips = 12: Trail the stop 12 pips behind the market.
- Step = 1: The stop will be modified for every pip.
- Trail = Checked: The stop is moved continously.
Example 3: Advanced
In this example we first move the stop twice, then trail in twice later.
When the order is in profit by a certain number of pips, the stop will be moved once to a certain number of pips from the entry price.
- Profit = 15: Move the stop when the order is in profit by 15 pips.
- Pips = 2: Move the stop to entry + 2 pips.
- Step = 1: Stepping doesn’t apply when moving the stop.
- Trail = Unchecked: The stop is only moved once.
When the order is in profit by a certain number of pips, the stop will be moved once to a certain number of pips from the entry price.
- Profit = 25: Move the stop when the order is in profit by 25 pips.
- Pips = 10: Move the stop to entry + 10 pips.
- Step = 1: Stepping doesn’t apply when moving the stop.
- Trail = Unchecked: The stop is only moved once.
When the order is in profit by a certain number of pips, the stop will be moved continously a certain number of pips from the market.
- Profit = 40: Start trailing when the order is in profit by 40 pips.
- Pips = 15: Trail the stop 15 pips behind the market.
- Step = 2: The stop will be modified for every 2 pips.
- Trail = Checked: The stop is moved continously.
When the order is in profit by a certain number of pips, the stop will be moved continously a certain number of pips from the market.
- Profit = 60: Continue trailing with the new settings when the order is in profit by 60 pips.
- Pips = 12: Trail the stop 12 pips behind the market.
- Step = 5: The stop will be modified for every 5 pips.
- Trail = Checked: The stop is moved continously.