Trailing Stop - Pips Based

Use Trailing Stop Pips

If you want to keep moving the SL after a certain pips profit, not directly to the entry price, you can use this option.There are three parameters:

  1. Trailing start Pips: You need to add the profit pips to start trailing.
  2. Trailing step Pips: After getting started, on every X-pips profit, the SL will move.
  3. Trailing distance from the current price Pips: You need to keep distance from the current price to SL so that it does not get closed.

Example

  • Trailing start: 200 pips
  • Trailing step: 50 pips
  • Trailing distance from the current price: 100 pips
  • After 200 pips of profit, SL is placed at +100.
  • After 250 pips of profit, SL is placed at +150, and so on.

Three parameters are better than two because you can choose to move SL frequently without staying too near to the current price.

Trailing Stop also move TP

If you enable this, it will also trail TP with SL using the same parameters.