Okay another newbie question. I can't seem to get my head around trailing stops.
Are trailing stops supposed to be used in open orders?
How do you use a trailing stop to break even?
Example: Desired Take Profit is 15pips so how do you use a TS to break even on the first movement.
Sorry if I'm not making sense. Cheers!
Are trailing stops supposed to be used in open orders?
How do you use a trailing stop to break even?
Example: Desired Take Profit is 15pips so how do you use a TS to break even on the first movement.
Sorry if I'm not making sense. Cheers!