If you would like to know more about TS or Trailing Stop visit https://www.mql5.com/go?link=http://www.forexbrace.com/content/view/182/79/. The short glossary definition also leads you to more complex approaches to setting up TS.
Your comments are more than welcome.
Trailing stop is actually an stop-loss order set at a percentage level below the market price - for a long position. The trailing stop price is adjusted as the price fluctuates. The trailing stop order can be placed as a trailing stop limit order, or a trailing stop market order.
Thanks for your input.