You can specify the level of profit upon reaching which your position will be automatically closed as long as your forecast proves to be correct.
You can specify the level of profit upon reaching which your position will be automatically closed. This feature allows you to control the risk associated with your investments and protect yourself against losing all your money.
Trailing Stop makes 'Auto Close at Loss' operated dynamically. When specifying the desired loss limit, you can also enable trailing stop.
This feature automatically shifts your loss limit ("Stop-Loss") up or down, depending on the price of the asset and only in case of the latter moves in the desired direction. That is, if the asset moves in a favorable direction immediately after the opening of the transaction.
When the price moves in the opposite direction, the loss limit won't shift.
Trailing Stop is a standalone feature: you don't need to keep the application open for it to work.