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Why trailing step >= 10 pips?
 Post subject: Why trailing step >= 10 pips? Post rating: 0   New post Posted: Sat 14 Feb, 2015, 09:04 
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Joined: Tue 27 Jan, 2015, 14:37
Posts: 11
Location: ItalyItaly
Hi
I'm starting to play with java API.
For what I understood the trailing step can be used only with setStopLossPrice(double price, OfferSide side, double trailingStep) method.

Correct?

It seems strange to me to have the limitation to set up the value only to >= 10.
In some strategies an be interesting to use values like 5 or in extreme cases 3, for example.

There is a reason for this constraint? Can be changed?

Last question: I never tried until now: the value must be >0 in both cases SHORT/LONG?

Thanks


 
 Post subject: Re: Why trailing step >= 10 pips? Post rating: 0   New post Posted: Thu 02 Jun, 2016, 14:30 

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Joined: Sun 27 Mar, 2016, 18:59
Posts: 15
Location: Czech Republic, Louny
I would also like smaller trailing stop. I often use 3 in cTrader. I am waiting for other trading platforms - MT5 to implement server side trailing SL, so it can be used on iPad.

As I understand common requirement across brokers is minimum TP/SL distance 2x spread from current market price, so hardcoded value 10.0 is way too high for most pairs.


 

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