Trailing Stop Loss - Pips in trail.
Created at 13 Aug 2018, 11:58
CT
Trailing Stop Loss - Pips in trail.
13 Aug 2018, 11:58
It's counter intuative to use pips FROM the buy/sell price when setting a TSL (or even a normal SL)
A TSL is TRAILING and, as such, you should be able to set it to TRAIL by a number of pips.
If I'm 353.2 pips into profit, and want a TSL to trail by 50 pips, I shouldn't need to set it to PLUS 303.2 pips for that to happen.
It's even worse when you're setting one before into profit. I'm 75.6 into profit and want 100 pip TSL, I need to set the pip value to MINUS 24.4
All other platforms I've used, use the trailing pip value to invoke a TSL.
Regards
John
ctid362150
15 Aug 2018, 10:29
Panagiotis
It's counter intuative to use pips FROM the buy/sell price when setting a TSL (or even a normal SL)
A TSL is TRAILING and, as such, you should be able to set it to TRAIL by a number of pips.
If I'm 353.2 pips into profit, and want a TSL to trail by 50 pips, I shouldn't need to set it to PLUS 303.2 pips for that to happen.
It's even worse when you're setting one before into profit. I'm 75.6 into profit and want 100 pip TSL, I need to set the pip value to MINUS 24.4
All other platforms I've used, use the trailing pip value to invoke a TSL.
Regards
John
@ctid362150