A trailing stop is a type of stop-loss order attached to a trade that adjusts automatically as the price moves in your favor. It is designed to lock in profits or limit losses once the price move favorably by a certain amount of pips, as set by the trader.

It is important to note that trailing stops are stored locally on your trading platform and only move in the direction of favorable price changes. Once the stop moves to lock in a profit or limit a loss, it will not move back if the price reverses. Therefore, ensure that your trading platform is running at all times when a trailing stop is active on your positions.

Please be aware that during periods of high volatility or low liquidity, the execution of trailing stops may not be guaranteed at the desired price due to slippage or market gaps.