Trailing Stop Loss - Pips in trail
Trailing Stop Loss - Pips in trail
10 Sep 2018, 14:23
It's counter intuitive 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 you're fully into the amount of profit you want. 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.
Replies
rivasalpa_
27 Jun 2019, 19:12
Yes, Sorry for this but Current Trailing Stop is very ugly,
It is obvious that Trailing Stop should move as we setting it or indicating each quantity of pips move it, and NOt just each Pip.
@rivasalpa_
alexsanramon
22 Jun 2019, 02:45
I voted yes because it sounds nice. Can you please post images as an example for others to understand better and therefore have many votes? Thank you.
@alexsanramon