Last evening I traded using a trailing stop of 50 points without establishing a Take Profit. The trade ID is #22489264. Hours later I'd inquired as to why my Trailing Stop was not activated despite moving some 700 points to the negative of the order direction. Now, The MT4 platform remained live along with uninterrupted network connections.
FXChoice's response: Please note that a Trailing Stop isn't activated immediately, but it waits until your trade goes into the positive territory for a certain amount of pips, equal to your Trailing Stop. If the trade doesn’t reach that level, the Trailing Stop is not activated. In addition, you’re supposed to keep your MT4 platform on so that the Trailing Stop functions. Please note that only the trading orders that you send (TP/SL/ Buy/Sell pending and market orders) are saved on our trading server. A Trailing Stop requires that your MT4 platform is on.
Now, It's always been my understanding that a trailing stop order sets the stop price at a fixed amount away from the market price with an attached "trailing" amount. As the market price moves in the order direction, the stop price moves by the trail amount, but if the market price goes in the reverse of the order direction, the stop loss price doesn't change [ as in 'stop loss' get it? ] , and a market order is submitted when the stop price is hit.
The damn thing is activated the instant the operator say's so! It's not some wishy washy this didn't happen so that won't either bull****! It completely fails me why as why a respected broker like FX Choice doesn't understand the common simplicity of a trailing stop order. Too much drinking their own cool aid I guess...
& FWIW: The order is still active as of this write...
FXChoice's response: Please note that a Trailing Stop isn't activated immediately, but it waits until your trade goes into the positive territory for a certain amount of pips, equal to your Trailing Stop. If the trade doesn’t reach that level, the Trailing Stop is not activated. In addition, you’re supposed to keep your MT4 platform on so that the Trailing Stop functions. Please note that only the trading orders that you send (TP/SL/ Buy/Sell pending and market orders) are saved on our trading server. A Trailing Stop requires that your MT4 platform is on.
Now, It's always been my understanding that a trailing stop order sets the stop price at a fixed amount away from the market price with an attached "trailing" amount. As the market price moves in the order direction, the stop price moves by the trail amount, but if the market price goes in the reverse of the order direction, the stop loss price doesn't change [ as in 'stop loss' get it? ] , and a market order is submitted when the stop price is hit.
The damn thing is activated the instant the operator say's so! It's not some wishy washy this didn't happen so that won't either bull****! It completely fails me why as why a respected broker like FX Choice doesn't understand the common simplicity of a trailing stop order. Too much drinking their own cool aid I guess...
& FWIW: The order is still active as of this write...