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05-17-2006, 04:22 PM
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Confused with Trailing Stops
I'm confused with how Trailing Stops work can someone help explain? I noticed I have to input a Stop Loss first before I could set a Trailing Stop
Sorry noob question  Lets say the situation is as follow Did a BUY for USD/JPY @ 110.00 Stop Loss @ -40 pips Trailing Stop @ 20 pips Help?      
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05-18-2006, 03:19 AM
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it will keep your profit 20 pips far from current profit
ie. when you've got the profit more than 20 , the trailing stop will awaken to work .. like...now the price is 110.25 = u got 25 pips profit then trailing stop will set a new stop-loss at 110.05
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