Hello all
I am looking for a respectable broker that offers a trailing stop loss that will follow the price pip by pip. Not talking about a trailing stop like in MT4 that only activates when you are in profit and you have to keep your computer on.
Rather a trailing stop that is activated by the broker side and just follows along as per your specs. For example if you have a 50 pip stop loss and you buy eur at 1.43 and you have a trailing stop loss at 1.4250. Price goes up to 1.4310 but then nose dives to 1.4230. You lose 40 pips instead of 50 (with a static stop or a trailing MT4 stop).
Any suggestions?
I am looking for a respectable broker that offers a trailing stop loss that will follow the price pip by pip. Not talking about a trailing stop like in MT4 that only activates when you are in profit and you have to keep your computer on.
Rather a trailing stop that is activated by the broker side and just follows along as per your specs. For example if you have a 50 pip stop loss and you buy eur at 1.43 and you have a trailing stop loss at 1.4250. Price goes up to 1.4310 but then nose dives to 1.4230. You lose 40 pips instead of 50 (with a static stop or a trailing MT4 stop).
Any suggestions?