Trailing stop differences

Discussion in 'Forex Brokers' started by davidmaria1, Feb 15, 2008.

  1. 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?
  2. 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.
  3. IMO its best to place/change your stop loss manually.

    Perhaps because I trade with a longer time frame: swing-trader, and trend follower.