Trailing step

[Fochu]

Hello someone please explain to me how the trailing step works.
If I'm on forex pair like eur usd and I put my trailing start at 50
Trailing step at 150
My tp at 200
My stop loss at 0

When will I see the trailing stop on my charts?
Will the trailing stop loss work event if my sl is at Zero?
Please see attached file below and help me

 

[David]

Hello someone please explain to me how the trailing step works.
If I'm on forex pair like eur usd and I put my trailing start at 50
Trailing step at 150
My tp at 200
My stop loss at 0

When will I see the trailing stop on my charts?
Will the trailing stop loss work event if my sl is at Zero?
Please see attached file below and help me

In the context of your parameters:

• Trailing Start: 50
• Trailing Step: 150
• Take Profit (TP): 200
• Stop Loss (SL): 0

Here is what would happen:

1. When you open a trade, there's initially no stop loss since your SL is set to zero.
2. If your trade moves in the favorable direction by at least 50 points (the trailing start), the EA will start to manage the stop loss level. It won't immediately move the stop loss to breakeven or to the trailing start level, it waits for the trade to move another 'trailing step' points in profit.
3. When the trade is in profit by 'trailing start' + 'trailing step' (200 points in your case), the stop loss will be moved to the price level of 'trailing start' points in profit. So, after 200 points in profit, your stop loss would be moved to 50 points in profit.
4. From this point forward, for every 'trailing step' points in profit (150 points in your case), the stop loss will be moved up/down by the same 'trailing step' points, always keeping a distance of 'trailing start' points from the current price.

So to answer your questions, you won't see the trailing stop on your charts until the trade is in profit by 'trailing start' + 'trailing step' points. Yes, the trailing stop loss will work even if your initial SL is set to zero. The trailing stop loss doesn't need an initial stop loss to function, it operates independently.

Please note that the trailing stop is managed by the EA on the trading platform and not by the broker's server, which means that it will not work if the trading platform is not running and connected to the internet. It's also worth mentioning that the 'stop loss', 'take profit' and 'trailing stop' levels are not guaranteed and in volatile market conditions, the price could gap and these levels might not be respected.

 

[Nana Aboagye]

My challenge is, the bot is not performing as advertised. You will make a purchase and fund an account only to be posting losses.l guess that is not the essence of an automatic trading bot.@Vinz, has been very helpful in sharing presets every week.It went well week last but I have posted losses throughout the week.I have stopped the bot from trading for all the premium settings.

I suggest the team should look into it seriously and make recommendations every day or week to minimise our losses. It's a month l purchased the bot and it's not meeting my expectation. I have lost all my investment

 

[ALNZ]

My challenge is, the bot is not performing as advertised. You will make a purchase and fund an account only to be posting losses.l guess that is not the essence of an automatic trading bot.@Vinz, has been very helpful in sharing presets every week.It went well week last but I have posted losses throughout the week.I have stopped the bot from trading for all the premium settings.

I suggest the team should look into it seriously and make recommendations every day or week to minimise our losses. It's a month l purchased the bot and it's not meeting my expectation. I have lost all my investment

I'm with you on this. I purchased robot last week, Wednesday 14th June, and have blown through 2 x USD2,000.00 accounts since then. Thankfully they were demo accounts. Not confident to trade live account yet.

The premium settings are mostly in losses this week.

 

[rjbtrade]

In the context of your parameters:

• Trailing Start: 50
• Trailing Step: 150
• Take Profit (TP): 200
• Stop Loss (SL): 0

Here is what would happen:

1. When you open a trade, there's initially no stop loss since your SL is set to zero.
2. If your trade moves in the favorable direction by at least 50 points (the trailing start), the EA will start to manage the stop loss level. It won't immediately move the stop loss to breakeven or to the trailing start level, it waits for the trade to move another 'trailing step' points in profit.
3. When the trade is in profit by 'trailing start' + 'trailing step' (200 points in your case), the stop loss will be moved to the price level of 'trailing start' points in profit. So, after 200 points in profit, your stop loss would be moved to 50 points in profit.
4. From this point forward, for every 'trailing step' points in profit (150 points in your case), the stop loss will be moved up/down by the same 'trailing step' points, always keeping a distance of 'trailing start' points from the current price.

So to answer your questions, you won't see the trailing stop on your charts until the trade is in profit by 'trailing start' + 'trailing step' points. Yes, the trailing stop loss will work even if your initial SL is set to zero. The trailing stop loss doesn't need an initial stop loss to function, it operates independently.

Please note that the trailing stop is managed by the EA on the trading platform and not by the broker's server, which means that it will not work if the trading platform is not running and connected to the internet. It's also worth mentioning that the 'stop loss', 'take profit' and 'trailing stop' levels are not guaranteed and in volatile market conditions, the price could gap and these levels might not be respected.

new guy here and this is what I was looking for...great explanation.

 

[Ruto]

I do not understand this:

"om this point forward, for every 'trailing step' points in profit (150 points in your case), the stop loss will be moved up/down by the same 'trailing step' points,"

if the stop loss moves up and down with the profit, it will never trigger, because if the profit sinks, the stop loss also sinks.
I would prefer if the stop loss raises in steps but never sinks, this would secure the profit ....

 

[Joeboy]

This thread would be helpful

Galileo FX Tutorial: How to Install & Use the Trading Bot

Remote Installation Service: Enjoy a professionally installed Galileo FX. Our team will remotely connect to your PC to setup Galileo FX from A to Z. Click here to learn more. Introduction Welcome! We’re excited that you’re trying out Galileo FX! In this guide we’ll walk you through how to make...

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