https://adilo.bigcommand.com/ddbc6cdb-77f3-46b8-b2c7-c98dd6d20147.mp4 https://stream.adilo.com/adilo-encoding/QFZHWYQxKuaH9WZR/O7M9RE4B/thumb/1080_3.jpg Uploads from Cornix Trading Bot - 033 - Trailing Stop-Loss Uploads from Cornix Trading Bot - 033 - Trailing Stop-Loss https://adilo.bigcommand.com/ddbc6cdb-77f3-46b8-b2c7-c98dd6d20147.mp4 170 0 1970-01-01T00:00:00+00:00 hello everyone welcome to this core next tutorial this simulation will walk you through the concept of the trailing stop loss first let's take a look at a regular stop loss order let's say we placed an entry order for a long position with a price of $10 and our stop loss is at eight dollars which is where we would like to exit the trade in case of a loss if the price drops to the point of our stop loss price our coins will be sold you can manually change the 8 dollar mark But in less touched it will stay the same what makes a trailing stop different is the fact that it helps minimize our losses or even lock in profits by automatically adjusting the stop Target based on pre-configured triggers so let's go ahead and see it in action this feature has five different trailing stop types in this video will focus on the moving Target type for an explanation of the remaining types please check out our dedicated article on the subject located in our help center link in the description below when using the moving Target trailing stop if triggered the Bots will move your stop to the price of the previous Target this stop type is triggered when reaching a certain Target which means that the stop will start moving once the price reaches the target for example if we choose the trigger to be on the first take profit Target then the order will be moved to the average entry price once the first take profit Target is reached when the second take profit Target is reached the stop will be moved to the first take profit Target and so on for the sake of this demonstration will choose the trigger as take profit Target one we've placed an entry order with a price of $10 as we did before three take profit orders with the price of $15 $20 and $25 and a stop loss order with a price of $8 we've hit our entry Target successfully as well as our first take profit Target since our trigger is take profit Target one are trailing stop loss is moved into motion and moved the stop order to the average entry orders price which in this case is 10 dollars instead of the original eight when hitting the second take profit at $20 the stop loss will be moved to the first take profit at $15 by doing so we've locked in our profits in case of a drop in price after the first and second take profits were hit we hope this helped clarify with the trailing stop loss is and its advantages thank you for watching this video
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