hi i know this has been asked many times before however i searched and read the threads now im more confused.
anyway i have been using GFT Dealbook 360 as my platform. they have a order type called "stop" with the option for "trailing" and then a pip # box. i bought the USD/CAD long and of course i lost. however when i left the house i was +1 pip and then when i came home i was at -88 how is that possible. i put a 15 pip trail on it.
i thought 15 pip trail meant if the market reversed and went 15 pips it would get you out. now im seeming to think that i have to have 15 profit before this trail kicks in making my stop at break even then it will follow the market price by 15 pips behind.
is that correct, im confused? i thought i just trailed by 15 pips regardless if you were negative or positive.
please enlighten a noob. thank you
anyway i have been using GFT Dealbook 360 as my platform. they have a order type called "stop" with the option for "trailing" and then a pip # box. i bought the USD/CAD long and of course i lost. however when i left the house i was +1 pip and then when i came home i was at -88 how is that possible. i put a 15 pip trail on it.
i thought 15 pip trail meant if the market reversed and went 15 pips it would get you out. now im seeming to think that i have to have 15 profit before this trail kicks in making my stop at break even then it will follow the market price by 15 pips behind.
is that correct, im confused? i thought i just trailed by 15 pips regardless if you were negative or positive.
please enlighten a noob. thank you
