Trailing Stop Loss (TSL) is a Stop Loss order that moves with the market price, as long as the market is moving in yourHow do I set a Trailing Stop Loss? favour.
The TSL keeps the same locked-in pip distance from the current market rate, at a fixed amount of pips above or below the market price (depending on whether the position is SELL or BUY). If the market goes against you, the TSL will not move.
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