How to set up and manage trailing stops?
A trailing stop is a useful risk management tool that helps lock in profits and limit losses. It automatically moves in your favor as the market price moves. Follow these steps to set up and manage your trailing stop:
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Action
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Steps
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Set up a trailing stop
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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.
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Modify a trailing stop
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1. Right click on the open order in the trade tab.
2. Select trailing stop.
3. Choose a new value (or click custom).
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Remove trailing stop
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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.
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