Comment on Trading Q&A
commented on
19 Jun 2014, 09:09 AM
Let me get this correct, Bought at 78.7 SL 5 points, so initial SL placed at 73.7 and target 10 points so target at 79.7. Trailing SL : 1 point
When price moved from 78.7 to 79.7 (1 point, which is your trail), new SL will be 5 points below 79.7 which is 74.7. Now if the price comes down, the SL will get executed at 74.7 instead of the earlier 73.7.
Remember that it is trailing SL, it will always be x number of points/ticks behind the market price. Hopefully clarifies.