FAQ #7

How does Trailing Stop Loss work ?

There are 3 settings you can use to setup the Trailing Stop loss feature on your strategy. 

Activate at allows you to set the absolute amount of money the strategy should be in profit for the TSL to get activated. At this level the TSL will set to 0 which means if the profit falls back to 0, the strategy will exit and you will not end up making no profit no loss. 

As the profit increases and goes in favour of your strategy, you want to trail the stop loss so that you dont give away all the notional profit the strategy had made. For which you use the other 2 settings .. You can set it up to increase the TSL by xxx amount when the profit increases by yyy … So lets say you activate the TSL at 3000 profit and then choose to increase it by 1000 with every 1000 increase in profit. So when the profit touches 4000, the TSL will be at 1000 and at 5000 profit it will be at 2000 ; now if the profit drops to 2000, the strategy will exit for all positions. 

TSL can only be setup at at strategy level and not at a set level. If you wish to set it up at a set level, you have to use your own keywords and conditions to make that happen.