Gilbert
Age: 2023
1596 days old here
Total Posts: 291
Points: 10
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This order is considered as a type of stop loss. Trailing stop loss https://fbs.com/glossary/trailing-stop-203 is a trailing stop loss that is used to minimize losses in case the price reverses in the direction opposite to the forecast. This tool is most often used when there is a strong trending price movement, as well as when it is not possible to constantly monitor the chart.
