A trailing stop is a stop loss that follows the price as it moves further away from it (as you gain pips) with the purpose of bettering the outcome of the trade. Applying a trailing stop is done when placing or modifying an order:
2. Check the checkbox next to "Trailing:" in the dialog box.
3. Ensure that you have a stop loss already in place.
4. Click "Ok" at the bottom of the dialog box and your stop loss will become a trailing stop.
Important: You must be signed in to Alveo and be connected to the internet in order for the trailing stop to move.