Trailing money loss amount: What it is referring to?
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The block Trailing money loss (group) requires the user input of step mode as well as start threshold, in terms of either actual money or trailing money loss amount.
I know trailing stop in a sense that SL is set by reference to past unrealized max profit. But what does the trailing money loss amount really mean and how can I use it?
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@sktsec is like trailing in pips, but in money
Here an example: when profti reach 100$ the trail secure to you 50$ , at 110$ go to 60$ and so on
If you try in the tester you can see a numeric value of it on chart
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@ambrogio
Thanks a lot for your explanations, which make me understand that % of Trailing money lose amount is referring to the abovemost input in Trailing money lose mode. But I cannot figure it out what happen when Trailing money lose mode is set to % of group profit. Still thinking...
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After a second thought, I think the start trailing should not choose the percentage of trailing money loss as parameter whenever the trailing loss has used the percentage of profit as reference. Otherwise, the trailing will either start immediately or never start at all. [Problem solved]
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