Why the need for stop-loss - there has already been said many times.Stop-loss is used in order to minimize losses when the price starts to move against the trader.If the open position begins to grow profits - the stop loss moves the break-even hand in hand, in order to secure profits.(This time, many traders are called "preload").But the movement of stop-loss in the direction of the break-even - can be done automatically, if the use for that trailing stops (born trailing stop).Try to understand how to operate a trailing stop.
We should immediately point out one thing.
Trailing stop - especially useful when the market is a strong one-way movement of market prices.Still trailing stop well helps the trader in a situation where one - just not in a position to constantly be behind the monitor and keep track of price changes in the foreign exchange market.
Trailing Stop not working at the terminal trader and brokerage firm on the server.To set a trailing stop, open the window "Terminal" to open the context menu and set it to a similar command.
This opens a list from which you can choose the length of the distance between the price, which is observed at present on the forex and the level of a stop order.Each position opened on forex, can have no more than one trailing stop.
Powered trailing stop something like this: As soon as the trader will do all of the actions described above, and the broker will give new quotes, trading platform to check whether the position is profitable trader.
If the observed income exceeds the level - there is an automatic installation of a stop order.And a stop order placed at that distance from the observed prices, which have a trader.If the profit on open positions is growing, trailing stop starts automatically move the stop order to follow the market price.In that case, if the profits began to fall - with a stop order, nothing happens, and it is - remains in place.
The result - the profit recorded in the open position automatically. All movements of a trailing stop - a mandatory written to the system log.Here in general, and all that can be said about how to run a trailing stop on the forex market.