Trailiong stop loss

[Bogi.H]

Welcome to the Community

You can check out my response below on how this order works

@Bogi.H

So, the trailing stop loss is activated when the price of the instrument moves in the desired direction and reaches the specified distance from the current price. It automatically adjusts to maintain the set distance as the price moves in your favour. However, if the price reverses and moves against your position or continues to decline until the stop loss level is reached, the trailing stop loss will be triggered, and your position will be closed.

To automatically set a trailing stop once a certain value is reached, you can use a Trailing Stop order. Here are the steps to set it up:

1. Click on your open position.
2. Choose the Profit/Loss tab.
3. Activate the Trailing Stop order and define your desired distance.