What is Trailing Stop and how do I set it up?

When the open position becomes profitable, Stop Loss can be moved to the break-even level. To automate this process, Trailing Stop is used (Trailing Stop). In order to activate it you should right click on the open position, select ‘Trailing stop’ and choose Trailing Stop distance.

Trailing Stop is always connected to an open position and works only when the client terminal is turned on.