Oanda trailing stop

How does oanda trailing stop works ?

Anyone can explain to me.. thanks.

It works different to MT4 brokers.

1st: It works on the server which is great because you can just leave it without having the platform open

2nd: The trailing stop starts immediately trailing and NOT after the trade is in the plus the amount of the TS (like the MT4 TS).

Example: Long at 1.4000, TS at 1.3950

The market goes up to 1.4020, your stop would be now at 1.3970.

Thanks alot

You have to warily of one thing about the trailing stop in Oanda, and that is Oanda spread during new times. We all know Oanda increase its spread quite a bit during critical new release and that increase in spread will also affect your trailing stop.