BUY FXO Forum Shares
1316
Shares in the BANK:
We BuyWe Sell
$1.8467$1.9038
Results 1 to 3 of 3

Thread: Unable to use the trailing stop option

  1. #1
    Piplet
    Join Date
    Dec 2008
    Posts
    3
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default Unable to use the trailing stop option

    Hi there,

    I have used the MT4 for some time now, but just recently tried to use the trailing stop option. The problem is the option just wont work. I noticed this when the order that i have placed has reached the tp it just stop from continuing to cruise. The trend is still strong and in the direction of my prediction.Let say bearish, it just stop when reached the tp. How can i solve this problem?

    I have tried a bigger value to put on the trailing stop, still it has not helping,but of course this has nothing to do with that right.

    Please I really need help on this, I should have made a lot profit whit this trailing stop option.

  2. #2
    In Profit
    Join Date
    Oct 2008
    Posts
    111
    FXO Shares
    0
    FXO Bonus
    0.000
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    when u put a trailing stop the stops move in order of ur trailing value so if the price does get hit the trailed stop again then the order gets closed at that value

  3. #3
    Super Moderator nonamer's Avatar
    Join Date
    Mar 2007
    Location
    from no where
    Posts
    3,302
    FXO Shares
    0
    FXO Bonus
    2.544
    Thanks
    20
    Thanked 152 Times in 111 Posts

    Default

    Quote Originally Posted by ffrancis View Post
    Hi there,

    I have used the MT4 for some time now, but just recently tried to use the trailing stop option. The problem is the option just wont work. I noticed this when the order that i have placed has reached the tp it just stop from continuing to cruise. The trend is still strong and in the direction of my prediction.Let say bearish, it just stop when reached the tp. How can i solve this problem?

    I have tried a bigger value to put on the trailing stop, still it has not helping,but of course this has nothing to do with that right.

    Please I really need help on this, I should have made a lot profit whit this trailing stop option.
    Did u know how Trailing Stop function are?

    Trailing Stop will move from u S/L or from u Open Price if u set Trailing Stop Active and u meta trader 4 must online always to On/active Trailing Stop. If u off metatrader 4, u Trailing Stop will not function n off .

    Example 1
    If u buy position at 1.2000 ...
    Stoploss (S/L) at 1.1960
    Target Price (T/P) at 1.3000
    Trailing Stop active 40 pips
    So when current sell price move to 1.2040, u S/L will move to 1.2000 because u put trailing stop at 40 pips

    Example 2

    If u buy position at 1.2000 ...
    No Stoploss (S/L)
    Target Price (T/P) at 1.3000
    Trailing Stop active at 20 pips
    So when current sell price move to 1.2020, u S/L will move to 1.2000 because u put trailing stop at 20 pips

    So simple


    ** When u open buy position, to closed position u need to check the sell price.

    Thanks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2016 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning:: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us