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Explanations -> Trailing Entry, Trailing Stop Loss, Trailing Take Profit

Explanations -> Trailing Entry, Trailing Stop Loss, Trailing Take Profit

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Hello Smart Traders,

The Trailings are very useful to maximize the profits.

You can put Trailings on the Entry, on the SL (Stop Loss) and on the TP (Take Profits).

Upvote if you like :)

Let's consider that we have a buy Entry, and that we want to sell at a higher TP. We set as well a lower SL for sell.

Trailing Entry

With a Trailing of x%, it sets the Entry at x% higher than the Market Price.

The Entry goes down when the Market Price goes down, keeping a gap of x%.

It does not move when the Market price goes up.

It buys at the lowest price.

Example :

If you buy at the price of 100 and set a Trailing Entry of 5%, a Stop Buy Order at 105 will be set.
Then if the price goes down to 90, the Stop Buy Order moves to 94.5 (90*1.05).
Then if the price goes up to 92, the Stop Buy Order stays at 94.5.
Then if the price goes down to 85, the Stop Buy Order moves to 89.25 (85*1.05).
Then if the price goes up to 90, the Stop Buy Order at 89.25 is executed (buy).

Trailing SL

With a Trailing of x%, it sets the SL at x% lower than the Market Price.

The SL goes up when the Market Price goes up, keeping a gap of x%.

It does not move when the Market price goes down.

It sells at the highest price.

Example :

If you buy at the price of 100 and set a Trailing Stop of 5%, a Stop Order at 95 will be set.
Then if the price goes up to 110, the Stop Order moves to 104.5 (110*0.95).
Then if the price goes down to 105, the Stop Order stays at 104.5.
Then if the price goes up to 120, the Stop Order moves to 114 (120*0.95).
Then if the price goes down to 110, the Stop Order at 114 is executed (sell).

Trailing TP

It is like the Trailing SL, but it triggers only when the TP is reached a first time.

With a Trailing of x%, it sets the TP at x% lower than the reached TP.

The TP goes up when the Market Price goes up, keeping a gap of x%.

It does not move when the Market price goes down.

It sells at the highest price.

Example :

You buy at the price of 100, you set a Take Profit at 110 and a Trailing Take Profit at 5%.
Then if the price goes up to 105, nothing happens because the Take Profit at 110 has not been reached.
Then if the price goes up top 110, a Stop Order at 104.5 will be set (110*0.95).
Then if the price goes down to 105, the Stop Order stays at 104.5.
Then if the price goes up to 120, the Stop Order moves to 114 (120*0.95).
Then if the price goes down to 110, the Stop Order at 114 is executed (sell).

submitted by /u/WallOfTraders
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