Stop Loss is intended for minimizationof losses, in case the symbol price starts to move in a losingdirection. Should the open position become profitable, the Stop Loss can be moved to a breakeven levelmanually. To automate this process, Trailing Stop is used. Thistool is especially helpful when the price moves strongly and in thesame direction, and when there is no possibility to watch themarkets continuously.

Trailing Stop is always related to theopen position and executed in the client terminal, not on theserver as the Stop Loss. To place a trailing stop, it is necessaryto select the command of the open position context menu in thewindow/tab “Orders”. Thenselect in the list opened the desired distance between the StopLoss level and the current price. Only one trailing stop can beplaced for each open position.

After the above actions have been performed, the terminal checkat incoming of new quotes whether the open position is profitableor not. As soon as the profit in points becomes equal or exceedsthe specified level, the command to place the Stop Loss order is given automatically. Theorder level is placed on the preset distance from the currentprice. Then, if the price moves in the direction that increases theprofitability of the position, the trailing stop will move the StopLoss level following the price. If the profitability of theposition decreases, the order remain unmodified. Thus, the tradeposition profit is fixed automatically.

Trailing stop can be disabled by selecting “None” in themanagement menu. At execution of the “Delete All” command, thetrailing stops of all open positions and pending orders will bedeleted.

Trailing Stop