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Advanced Trailing Stop

1. What is an Advanced Trailing Stop Loss?

An Advanced Trailing Stop Loss is similar to the Trailing Stop loss, except that it has an added feature. It allows you to specify a target profit percentage in which a second layer of the trailing stop loss will engage or activate.

2. How to Enable an Advanced Trailing Stop Loss

To enable an Advanced Trailing Stop Loss, load the Inputs Window on your current TigerBot solution, and then click on the drop down box titled “Stop Loss” until you see all the available Stop Loss options listed. Then, select the option titled “Advanced Trailing Stop Loss” from the list.

3. How to Configure an Advanced Trailing Stop Loss

To configure your Advanced Trailing Stop Loss, simply type a number in the text box titled “Stop Loss % (For Normal and Trailing Stops)” that represents what percent (in loss) you want TigerBot to initially trail all trades at. Then, in the text box next to the heading “Engage Profit Lock % Or Advanced Trailing Stop At % Profit”, enter the profit target which you want to engage the second level of the Advanced Trailing Stop Loss. The second level of the Advanced Trailing Stop Loss can be designated under the heading “Profit to Lock % Or Advanced Trailing Stop %”

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