Princepessa
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Could someone please enlighten me. I thought trailing stops were designed to help you lock in profits..when you set a trailing stop of x pips, as soon as the market moves x pips in your favor, your stop kicks in (at least that's how I understand trailing stops).
I have been demo trading with Alpari UK for the last week and I noticed that whenever I set a trailing stop, I get stopped out of the trade at a different point...for example, on one trade, I set a trailing stop of 30 pips, and I got stopped out of that trade with 23 pips. On another trade, set a trailing stop of 50 pips and got stopped out with 42 pips. On yet another, set a trailing stop of 30 pips and got stopped out with 6 pips e.t.c.
Now I don't understand, am I doing something wrong or is it the broker or is there something about trailing stops that I don't understand?
I have been demo trading with Alpari UK for the last week and I noticed that whenever I set a trailing stop, I get stopped out of the trade at a different point...for example, on one trade, I set a trailing stop of 30 pips, and I got stopped out of that trade with 23 pips. On another trade, set a trailing stop of 50 pips and got stopped out with 42 pips. On yet another, set a trailing stop of 30 pips and got stopped out with 6 pips e.t.c.
Now I don't understand, am I doing something wrong or is it the broker or is there something about trailing stops that I don't understand?