Understanding Trailing STOP vs Take Profit with Trailing stop ?
Understanding Trailing STOP vs Take Profit with Trailing stop ?
28 Feb 2019, 08:24
I want to know in cTrader when placing an order there are three important things i need clearance
1. STOP LOSS
2. TAKE PROFIT
3. TRAILING STOP
SCENARIO 1
Assume keep my stop loss as -10pips and Take Profit as 30pips this is understandable and clear.
Scenario 2
However I dont understand what it means having a Take Profit and at the same time having a Trailing Stop. so for instance i have a set Stop Loss to -10pips and Take Profit at 30pips. Does this mean
1. When the price reaches 30pips take profit is executed and closed ?
Or
2. When the price reaches 30pips then it when the order begins trailing with 30 pips ?
PanagiotisCharalampous
28 Feb 2019, 09:54
Hi moezm4h,
Trailing stop loss means that the 10 pips stop loss you have set at the beginning will start trailing immediately. It is not related with the Take Profit. The Take Profit is still executed at 30 pips.
Best Regards,
Panagiotis
@PanagiotisCharalampous