Trailing Stop
A Trailing Stop sell order is used to lock in achieved profit using a Stoploss order with a flexible Stop Price.
The current value of the Stop Price for a sell order is automatically moved upwards with a pre-defined deviation from the best bid on the market until a change in the development of the price occurs from the previous highest bid, e.g. the best bid begins to fall. A buy order is activated ("Alf" order generation) once all the Stoploss order conditions are met for the last defined Stop Price value. Therefore, a Trailing Limit sell order attempts to make a sale below the local or daily maximum during changing trends.
For a Trailing Stop buy order the current value of the Stop Price is automatically shifted down to the predefined deviation from the best offer on the market until a change in the price from the previous lowest offer occurs, e.g. the best offer begins to increase. A buy order is activated ("Alf" order generation) once all the Stoploss order conditions are met for the last defined Stop Price value. A buy Training Stop waits for a drop in the price and attempts to buy just above the local or daily minimum during a changing trend.
