Need Help

[AJC85]

Under the Inputs , what do these mean and represent?

Orders Configuration
Trailing start in points
Trailing step in points

 

[Joeboy]

Please check this thread:

5 Ways to Limit Trading Losses in Galileo FX

One of the secrets of being profitable in trading is controlling losses. And that’s why in Galileo FX we created 5 different ways to limit trading losses. If you make large gross profits but also large losses, your net profits get decimated: NET PROFITS = GROSS PROFITS - LOSSES If you want...

forum.galileofx.com

 

[scrappyjedi]

What Joeboy shared with you is the best explanation of that!

 

[Joeboy]

Thank you for you reply, I do understand profit and loss. So are these part of the ways to limit the loss, and if so how do they do it? I have not seen any information regarding these and how they operate while the program is running. I am wanting to know how to use them in the algo.

Thank you

• Trailing Start defines how many points in profit the trade must reach before the trailing stop begins to activate. For example, if you set Trailing Start to 50 points, the trailing stop will only activate once the trade is 50 points in profit.
• Example: If the market moves 50 points in your favor, Galileo FX will begin trailing the stop loss.

• Trailing Step determines the increments at which the stop-loss will move as the trade continues to gain profit. For example, if you set Trailing Step to 150 points, the stop loss will move by 150 points once the price has moved an additional 150 points in your favor after the Trailing Start has been triggered.
• Example: After the trade is 50 points in profit (as per the Trailing Start setting), and the market moves another 150 points, the stop-loss will shift by 150 points.