Trailing Order

Brief

The article describe a trailing order and its parameters.

Details

A trailing order is an order that adjusts its price automatically as the market price moves in a certain direction. In other words, a trailing order follows the market price movement by a trailing step that specifies a distance in pips by which the market and order prices change. A trailing step can have the following values:

Trailing orders stay closer to the market price and are executed with less loss than orders with fixed rates.

A Stop order added to a market, entry, or contingent order can be made trailing.

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