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Confused with Trailing Stops

I'm confused with how Trailing Stops work can someone help explain? I noticed I have to input a Stop Loss first before I could set a Trailing Stop Sorry noob question Lets say the situation is as follow Did a BUY for USD/JPY @ 110.00 Stop Loss @ -40 pips Trailing Stop @ 20 pips Help

4

Need Previous Years Data for Back Test

Hi there, I saw the links before but now i can't find 'em, can someone direct me to the site which holds the most data from previous years for me to do backtests ? THANKS