|
|
|
Stop Loss is used for minimizing losses if the security price moves the wrong direction. Once a position becomes profitable, its Stop Loss can be manually moved to a break-even level. Trailing Stop automates this process. This tool is especially useful during a strong unidirectional price movement or when it is impossible to monitor the market continuously for some reason.
Trailing Stop is always associated with an open position or a pending order.
To set a Trailing Stop, select "Trailing Stop" in the context menu of a position or an order in the "Trading" tab:
Select the desired value of a distance between the Stop Loss level and the current price.
Use the " Custom" button to set Trailing Stop manually:
Note, for each open position or pending order only one Trailing Stop can be set.