Originally Posted by Ruf

This is a odd question. Im a newbie so forgive me if its the "wrong" question to ask, or I put it in the wrong forum. I plan on trading on the major news events.
Warning: inproper terms will be used throughout this post!

So before the major news event, I get a buy and sell ready. For example say EUR/USD is at 1.2658, what should my prebuy and presell be at? 10 pips above/ below in hopes to catch the big swing (1.2668 and 1.2648?)

The problem is the software I use only allows me to have a trailing stop of 15 pips. I rather have a lower number, 10? 5 ? ( is that too low ? ).

I dont really need it, I can close manually but I rather have a lower stop and hopefully catch the swing, and then go eat breakfast or something

Cliffnotes: Looking for software that will give me lower trailing stop loss. Example 10 pips instead of 15.