Correct me if I'm wrong. Different brokerrs have different methods of applying trailing stops. It would seem FXCM requires a price move of min. 10 pips before the trailing stop is activated. MB's stop appears to move as soon as the trade is placed. Am I seeing this correctly?
I dont know about FXCM, but MB trails the stop tick by tick, using the bid price for long positions and the ask for shorts. You can define the treshold/offset yourself.
IMO its best to place/change your stop loss manually. Perhaps because I trade with a longer time frame: swing-trader, and trend follower.