Default Trailing Stop allow you to take a safe way to trade by ensure that if there is a reverse fluctuation you will be guaranteed profit.
But sometime you want Trailing Stop to take effect when you have a good amount of profit.
Because I you set Trailing Stop too soon. Spread may give you a loss rather than profit.
And you don't have time to wait for a good oppotunity to set Trailing Stop.
This is where Trailing Star come in.
Trailing Star will activate Trailing Stop only meet below condition:
- If you set Price entry: Trailing Stop will start at that Price
- If you set Point entry: Trailing Stop will start at that changed Point
More free tools can be found at: https://github.com/phamngocvinh/galaxy-trader