Trailing Stoploss

Available to Premium and Professional Users

Trailing Stoploss is an extremely useful feature for traders to secure profits as the market moves up. The stoploss price level goes up in tandem with the asset's price. So, if the price of a forex drops after appreciating, the dynamically increased stoploss level will be hit, thus capturing profits for the trader.

ForexHero offers two types of Trailing Stoploss in addition to the Absolute Stoploss which is already offered in previous versions. The two types are:

• Fixed TSL

• Variable TSL

Fixed Trailing Stoploss

Fixed TSL moves up your stop loss level at regular preset interval.

(Fixed TSL option in Exit Condition tab)

Based on the example above, this means the stop loss level will be set at 1% below the current all time high price of the asset if the latter's price appreciates 2% above the Buy Price. For every 2% above the Buy Price, the stop loss level inches upwards to 1% below the latest price jump interval. The Fixed TSL is immediately set when the bot opens a deal.

Following the example above, the specific stop loss values are as follow:

Asset Price	Trailing Stop Loss
Open Deal at 100 USD	99 USD
102 USD	100.98 USD
103 USD	100.98 USD
104 USD	102.96 USD
102.50 USD	102.96 USD
105.9 USD	102.96 USD
106.12 USD	104.94 USD
104.5 USD	Stop Loss at 104.94 USD

Variable Trailing Stoploss

As the name implies, Variable TSL gives utmost flexibility to the trader as to which price level should trigger a new trailing stoploss level.

(Variable TSL in Advanced Bot' Exit Condition tab)

From the image above, this bot has been configured for just one level for the trailing stoploss. If the price appreciates more than 2%, the trailing stoploss level will remain the same.

(Multiple Variable TSL levels)

For the image above, there are three TSL levels configured for the bot. The table below depicts the specific TSL price for each level.

Asset Price	Trailing Stop Loss
Open Deal at 100 USD	99 USD
101 USD	99 USD
102 USD	100.98 USD
106 USD	103.88 USD
112 USD	103.88 UDS
115 USD	113.85 USD

Hint!

Variable Trailing Stoploss allows you to have a combination of Absolute Stoploss and Trailing Stoploss. Simply set the first level as

Set [ absolute stoploss ] below current price when price hits [ 0% ] above Buy Price.