Use Trailing SL? – Enable/disable Trailing Stop loss.
Use Trailing SL?
Select whether to use Trailing Stop loss or not.
*When enabling trailing SL, it will override stop-losses placed by TP hit events ,fixed stop-losses and signal stop-losses.
SL trailing type – Type of stop-loss trail
Normal
Normal trailing stop method
Start trailing after BE
The stop-loss will start trailing when it can placed on breakeven price and will continue trailing towards the profitable side.
Stop trailing at BE
The stop-loss will start trailing from the beginning of the trade and will stop at the breakeven price. It will not continue towards the profitable side.
Jump to BE
The stop-loss will not trail. It will simply move/jump to breakeven price when target is achieved.
SL trailing method – Trailing stop loss to be used.
Trail by Pips[1]
Trail the stop loss using a fixed pip value. (this is unsuitable for multi-currency trading)
Trail using Parabolic SAR [2]
Trail the stop loss using Parabolic Stop and Reversal indicator.
Trail using ATR [3]
Trail the stop loss using Average True Range indicator.
Simple trailing pips – Pip value for trailing SL.
[1]Simple trailing pips
Enter a pip value for trailing pips.
Only applicable if, SL trailing method->Trail by Pips option is selected.
Parabolic SAR step – Parabolic SAR indicator step value.
[2] Parabolic SAR step
Enter a value for Parabolic SAR indicator step.
Only applicable if, SL trailing method->Trail using Parabolic SAR option is selected.
Parabolic SAR max – Parabolic SAR indicator maximum value.
[2] Parabolic SAR max
Enter a value for parabolic SAR indicator maximum value.
Only applicable if, SL trailing method->Trail using Parabolic SAR option is selected.
ATR period – ATR indicator period value.
[3] ATR period
Enter a value for ATR indicator period.
Only applicable if, SL trailing method->Trail using ATR option is selected.
ATR value multiplier – ATR value multiplier.
[3]ATR value multiplier
Enter a ATR value multiplier. The value obtained from the indicator is multiplied by this and used as trailing stop value.
Only applicable if, SL trailing method->Trail using ATR option is selected.
Indicator index shift – Indicator shift value.
[2][3]Indicator index shift
Enter a Indicator shift value.
Only applicable if, SL trailing method->Trail using Parabolic SAR or SL trailing method->Trail using ATR options are selected.
Indicator timeframe – Indicator timeframe.
[2][3]Indicator timeframe
Select an Indicator timeframe.
Only applicable if, SL trailing method->Trail using Parabolic SAR or SL trailing method->Trail using ATR options are selected.
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