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inga2025  
Finally a trailing stop that protects profits without suffocating the trade
Tenpor  
Hi Sir, would you mind add an SL if the Wave is not favor (i.e. I Buy then the wave turns down, so I need to protect my Fund and can manage loss only per trade of 30-50 pips.)
Enrico De Val  
Tenpor #:
Hi Sir, would you mind add an SL if the Wave is not favor (i.e. I Buy then the wave turns down, so I need to protect my Fund and can manage loss only per trade of 30-50 pips.
Thank you for your message and for sharing your experience 
This tool is designed to manage trailing stops, not to decide trade entry or initial risk.
Trade entry and the initial Stop Loss remain the trader’s responsibility, according to their own strategy and risk management.
The trailing logic starts working only after the trade is open, with the goal of protecting and following the position when price moves in your favor.

As a general reference, you may consider setting the initial Stop Loss on the previous high or low before entry, depending on your setup.