How do I apply a trailing stop?

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:

1.  Access the "Place Order" or "Modify Order" dialog boxes by either placing a new order 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.