What is the exact use of Trailing in Order Manager and how does it work?
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Yes sir, the Trailing feature in AlgoDelta works very similar to a normal trailing stop loss, but it gives you more control through three parameters:
-Trail Trigger
-Trail Point
-Trail Gap
Let’s understand it with an example.
Suppose you enter a trade at a price of 100 and configure the trailing settings as follows:
-Trail Trigger = 10
-Trail Point = 5
-Trail Gap = 3
Initially, the trailing stop loss remains inactive.
Once the price moves 10 points in your favour and reaches 110, the trailing gets activated.
At this point, the stop loss becomes: 110 – 3 = 107
So, your stop loss is now moved to 107.
The Trail Point determines when the stop loss should move again.
Since the Trail Point is set to 5, the stop loss will only adjust after the price moves another 5 points.
For example:
-Price reaches 115
-New Stop Loss = 115 – 3 = 112
If price reaches 120:
-New Stop Loss = 120 – 3 = 117
And this process continues as long as the trade keeps moving in your favour.
So, in simple terms:
-Trail Trigger → The profit required before trailing starts.
-Trail Point → The number of points the price must move before the stop loss is adjusted again.
-Trail Gap → The distance maintained between the current price and the trailing stop loss.
This is how Trailing works inside AlgoDelta’s Order Manager.
