Trailing Stop

Enable this option to automatically move the Stop Loss level following the price with a specified step. The trailing stop activates when the specified profit level is reached.

• Level
  Sets the distance in points from the opening price at which the trailing stop is activated, and the Stop Loss level starts following the price.
  
  
• Step
  Sets the step in points by which the Stop Loss level will move following the price after the trailing stop is activated. For example, a step of 5 means the SL will move every 5 points in the profitable direction.

Detailed examples (for 5-Digit Pricing)

Example 1: Buy Order

1. Initial Setup:

   • Opening price (POSITION_PRICE_OPEN): 1.20000.

   • Level = 500 points (Trailing Stop activates at 1.20500).

   • Step = 10 points (SL movement step).

2. Trailing Stop Activation:

   • Bid price reaches 1.20500.

   • Trailing Stop is activated.

   • Stop Loss is set at 1.20500 - 500 points = 1.20000.

3. Stop Loss Movement:

   • Bid price rises to 1.20510.

   • New SL level: 1.20510 - 500 points = 1.20010.

   • Since the difference between the new SL (1.20010) and current SL (1.20000) is 10 points (Step), SL moves to 1.20010.

   • Bid price rises to 1.20520.

   • New SL level: 1.20520 - 500 points = 1.20020.

   • Difference between new SL (1.20020) and current SL (1.20010) is 10 points, SL moves to 1.20020.

4. Price Reversal:

   • Bid price falls to 1.20020.

   • Stop Loss is triggered, and the order closes at 1.20020.

Example 2: Sell Order

1. Initial Setup:

   • Opening price (POSITION_PRICE_OPEN): 1.20000.

   • Level = 500 points (Trailing Stop activates at 1.19500).

   • Step = 10 points (SL movement step).

2. Trailing Stop Activation:

   • Ask price reaches 1.19500.

   • Trailing Stop is activated.

   • Stop Loss is set at 1.19500 + 500 points = 1.20000.

3. Stop Loss Movement:

   • Ask price falls to 1.19490.

   • New SL level: 1.19490 + 500 points = 1.19990.

   • Since the difference between current SL (1.20000) and new SL (1.19990) is 10 points (Step), SL moves to 1.19990.

   • Ask price falls to 1.19480.

   • New SL level: 1.19480 + 500 points = 1.19980.

   • Difference between current SL (1.19990) and new SL (1.19980) is 10 points, SL moves to 1.19980.

4. Price Reversal:

   • Ask price rises to 1.19980.

   • Stop Loss is triggered, and the order closes at 1.19980.

Answer to the User’s Question:

Question: "Step value is distancia for current price? o distancia from order price?"

Answer:
The Step value determines the distance the Stop Loss moves from the current price (Bid for BUY, Ask for SELL) after the Trailing Stop is activated. It is not the distance from the order price. Once the Trailing Stop is active, the SL will move in increments of the Step value as the price moves in your favor.

The "Breakeven" Function

Breakeven

Enable this option to automatically move the Stop Loss level to the breakeven zone when the specified profit level is reached.

• Level
  Sets the distance in points from the opening price at which the Stop Loss level will be moved to the breakeven zone.

• Profit
  Sets the distance in points from the opening price at which the Stop Loss level will be adjusted to the breakeven zone when the profit level is reached.

Detailed examples (for 5-Digit Pricing)

Detailed Example of How "Breakeven" Works with Default Parameters:

Let’s assume you open a Buy order at a price of 1.20000 with the following Breakeven settings:

• Level = 400 points (distance from the opening price to activate the breakeven function).

• Profit = 100 points (distance from the opening price where the Stop Loss will be moved to the breakeven zone).

1. Initial Setup:

   • Opening price: 1.20000.

   • Stop Loss (SL) is set at 1.19500 (500 points below the opening price, assuming this is your initial SL level).

2. Price Moves in Your Favor:

   • The price rises to 1.20400. At this point, the profit is 400 points (1.20400 - 1.20000), which equals the Level parameter.

   • The Breakeven function is now activated.

3. Moving Stop Loss to Breakeven Zone:

   • The Stop Loss is moved to 1.20000 + 100 points = 1.20100.

   • This ensures that if the price reverses, the position will be closed at 1.20100, locking in a profit of 100 points.

4. Price Reversal:

   • If the price starts to fall and reaches 1.20100, the SL is triggered, and the order is closed at 1.20100.

   • This ensures you lock in a profit of 1.20100 - 1.20000 = 100 points.

Example for Sell Order:

1. Initial Setup:

   • Opening price: 1.20000.

   • Stop Loss (SL) is set at 1.20500 (500 points above the opening price, assuming this is your initial SL level).

2. Price Moves in Your Favor:

   • The price falls to 1.19600. At this point, the profit is 400 points (1.20000 - 1.19600), which equals the Level parameter.

   • The Breakeven function is now activated.

3. Moving Stop Loss to Breakeven Zone:

   • The Stop Loss is moved to 1.20000 - 100 points = 1.19900.

   • This ensures that if the price reverses, the position will be closed at 1.19900, locking in a profit of 100 points.

4. Price Reversal:

   • If the price starts to rise and reaches 1.19900, the SL is triggered, and the order is closed at 1.19900.

   • This ensures you lock in a profit of 1.20000 - 1.19900 = 100 points.

Incredible and supports custom symbols, great tool. I would only add the ability to hide the buy/sell buttons. Thanks for your work.

Make sure Algo Trading is enabled and Allow Algo Trading is checked.

Thanks for adding new features. I can now change the panel size and font size. I like the new update.

Added the ability to hide the trading panel.

• Hold left-click and press [Q] to show/hide trade panel.