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TRAILING STOP SETTINGS
 Post subject: TRAILING STOP SETTINGS Post rating: 0   New post Posted: Sat 11 Jan, 2014, 11:15 

User rating: 0
Joined: Sat 11 Jan, 2014, 11:06
Posts: 16
Location: SloveniaSlovenia
Hello,

I'm new to JFOREX-u and I want to know how to use trailing stop order. It's VALID ONLY IN LIVE AND NOT A DEMO. Or you can manually set only after the order.

Thanks for the comments.


 
 Post subject: Re: TRAILING STOP SETTINGS Post rating: 0   New post Posted: Thu 16 Jan, 2014, 08:43 
Visual JForex expert at Dukascopy
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User rating: 27
Joined: Fri 03 May, 2013, 18:25
Posts: 366
Location: GermanyGermany
It is working on DEMO and on LIVE.

Here is how our trailing stop order work:

The moment when you add a trailing STEP to your SL order, the system will read current market rate and define this as 'base price'. Note that a new base price is set each time the order is modified.
The step distance is now measured from that base price, meaning: when the market rate has traveled a distance which is at least the step-pips amount from the base price, at this moment the SL order will be moved by the step-pips, at the same time the new current market rate will be defined as new base price.

Regards


 
 Post subject: Re: TRAILING STOP SETTINGS Post rating: 0   New post Posted: Fri 17 Jan, 2014, 09:41 

User rating: 0
Joined: Sat 11 Jan, 2014, 11:06
Posts: 16
Location: SloveniaSlovenia
Hi dirk,

Thanks for detailed comments.

Regards


 

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