1/ Install Trailing Stop:
Install in TradeTool tabs => View Tradetool Settings.
Step 1: When entering the order ( manual entry or autotrade ) . Tool will determine where to move TrailingStop for the first time (if TrailingStop mode is on).
+ If the order uses TP0 mode : TrailingStop starting position = TP0 price + TrailingStop_Step (in the direction of Profit).
+ If the order does not use TP0 mode : TrailingStop starting position = Entry price + TrailingStop_Distance .+ TrailingStop_Step (in the direction of Profit ).
Step 2: When the price touches the current TrailingStop move price. + Move the SL to the position where the price moves Trailing Stop (in pips)= TrailingStop_Distance .
+ Determine the position to move the next TrailingStop = Position to move the current TrailingStop + TrailingStop_Step (in the direction of Profit ).
Step 3: Trailing Stop order will close when
+ Touch TP price (if the order has TP setting - ie setting TrailingStop_ DisableTP = false )
+ Touch price SL trailing Stop : This price does not continue to move in the direction of Profit and returns to the last Trailing Stop .
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