Hi All,
I think this might sound like very unkownledgable, but I would like to ask how trailing stop actually works. I have been setting trailing stops in my trade for 25 an 35 pips when I aim for take profit of 30 pips, and it always opt me out. I also tried to cancel a trailing stops after I realized it is set too low, but I can’t, again, everytime it opts me out. I look at tutorials, and they didn’t specified the actually usage or example to it. Can anyone explain to me what would be best trailing tops if aim for 30-50 pips profit.
Thanks,
htchen