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January 6, 2018

Question:What is a Trailing Stop? Will it be triggered if I am offline?

Answer:

Trailing Stop regime provides a mechanism for automatic update of the linked order Stop Loss by the following rule.

If the profit of the position becomes higher than the set fixed distance, Stop Loss order moves to the level at which the difference between the current market price and the order price is equal to this distance.

If the Stop Loss order was not initially set, while Trailing Stop regime was set, when the profit of the position becomes equal to the set distance, Stop Loss order automatically is set at the opening price of the position.

In NetTradeX platform Trailing Stop regime works in server mode, i.e. the regime is performed on the server even if the terminal of the client is turned off.

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