Hi,
could anybody explain to me how trailing stop works? I have below
setting in my system ( I short on open and exit the same day on
close):
ApplyStop(stopTypeTrailing,stopModePercent,4 ,1);
SetOption ("ActivateStopsImmediately", True);
in that case it seems to me that stop starts to trail to protect my
gain only if the gain is more than 4%. I thought that the trade would
be exited if price fell more than 4% below low.
What would happen if both happened during the day: the price went up
more than %4 and low more than 4%. It seems to me that I am going to
experience gain every time although we cannot say for 100% what
happened inside the bar.
Could somebody explain me how ApplyStop(stopTypeTrailing,3,4 ,1);
work? It gave me just unbelievable results.
Thank you,
Radek
