Topic: Trailing Stop Condition Not Working?
I have created a strategy and EA using FSB which has the Trailing Stop as the only closing logic condition and the Trailing Stop closing logic condition has the following settings:
Exit at the Trailing Stop Level
Trailing Mode: New Bar
Trailing Stop: 1000
The EA is designed to run on the EurUsd H1 Chart, however the trailing stop does not appear to be working at all.
Yesterday I had a short trade that was already 1300 points (130 pips in profit) and the Stop loss had essentially not moved from its original position and was still at the 900 points (90 pips) loss level.
When the Non Farm Payroll was released yesterday morning the EurUsd shot upward and took my trade out at a 90 pip loss.
If the trailing stop was working as I understand it to work the stop loss should have been at least break even or a bit in profit.
Am I misunderstanding this trailing stop function? Is the 1000 in pips instead of points? Is it trailing 1000 bars?
Just trying to get to the bottom of why it is not trailing my stop when the trade is moving well into profit?
Thanks in advance.