Learn how to set up and manage a trailing stop to improve your trading strategy, ensuring better risk management and the potential for maximizing profits. Follow these steps to effectively apply and manage your trailing stop:
Action
Steps
Set up a trailing stop
1. Right click on the open order in the trade tab.
2. Select trailing stop.
3. Choose or enter the number of points to trail the stop.
Modify a trailing stop
1. Right click on the open order in the trade tab.
2. Select trailing stop.
3. Choose a new value (or click custom).
Remove trailing stop
1. Right click on the open order in the trade tab.
2. Select trailing stop.
- To remove a single trailing stop, click none.
- To remove all trailing stops, click delete all to remove trailing stops from all open and pending orders.