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I am trading using the Fib
I am trading using the Fib system. I want to enter a trailing stop but does not get it right because when the price goes down the stop also moves down with it. i was under the impression that you use this stop to get as much profit and when the price do hit the stop it will close the transaction .
can anybody explain to me how to go about it as the manual is not very clear.
There are still problems
There are still problems with the Trailing stop and we would suggest entering a manual stop order and edit this stop as the market moves. You can still use the stop order to lock in as much profit as possible, but do not place the stop too close to the market as the slightest retrace will kick you out of the trade.