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Trailing Stops

What Are Trailing Stops?

  • A trailing stop is a dynamic type of stop-loss order that moves with the market price to protect profits while allowing for further gains.
  • Unlike a fixed stop-loss, a trailing stop remains at a set distance from the current price, locking in profits as the price moves favorably.
  • This strategy is particularly favored by traders who wish to capitalize on market volatility without the need for constant monitoring. šŸš€

    • How Trailing Stops Work

  • Trailing stops can be either real (actual orders placed with the broker) or virtual (only calculated within the trading platform). Both serve to automatically adjust the stop-loss level.
  • The stop-loss is adjusted when the market moves in favor of the trade by a predetermined level, maintaining the set distance from the market price.
  • For instance, if a trader sets a trailing stop at 50 pips and the market price rises by 100 pips, the stop-loss order adjusts to protect 50 pips of profit.

    • Benefits of Using Trailing Stops

  • Helps to maximize profits by allowing positions to run while minimizing risk under adverse conditions.
  • Reduces emotional trading decisions by automatically adjusting the stop-loss according to the market scenario.
  • Compatible with various trading strategies and can be integrated within Expert Advisors, such as the TRAILINATORā„¢ which supports multiple trailing stop variants. šŸŽ‰

    • Examples of Trailing Stop Implementations

  • The Double Trailing Stop Expert Advisor dynamically manages stop-orders to secure profit across multiple symbols and timeframes, setting stop-loss at a distance based on market price movements.
  • Tools like the Auto Trailing Assistant allow for custom configurations to manage trailing stops effectively through automated settings.
  • The Ultimate Trailing Stop EA uses over 16 trailing algorithms, granting traders flexible choices depending on their strategies and market conditions.

    • Key Parameters in Trailing Stops

  • Trailing Distance: This defines how far the stop-loss should remain from the current market price.
  • Trailing Step: This determines the increment at which the stop-loss will move once the market price reaches a certain level.
  • Breakeven setting: This option allows the trader to set the stop-loss to the entry price once a certain profit threshold is reached, ensuring no loss on the trade. šŸ›”ļø

    • Conclusion

  • Utilizing trailing stops is an effective method to balance risk and profit as they adapt dynamically to market conditions.
  • They are widely supported across various trading platforms such as MetaTrader through Expert Advisors like TRAILINATORā„¢, making them accessible for both new and seasoned traders.

    • Welcome to the enchanted world of the 'Virtual SL TP Trailing', where every traderā€™s dream of deception blends perfectly with financial ambition! Imagine placing your orders while keeping your stop loss and take profit levels a well-guarded secret from your broker, as if itā€™s ...

    Release Date: 06/12/2021

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