Profit Target, Stop Loss and Trailing Stop

Project Forex & Brokerage 5BKP24RS6NCR Profit Target, Stop Loss and Trailing Stop
Target profit is an order to liquidate a position automatically at a specified price when the trader has obtained a number of profit.

For Buy / Long position is located ABOVE the target opening price of the position of the Open Buy / Long.
(Note! Open Buy / Long ASK, Target and Stop Loss is based on BID)

Example: Buy EUR / USD 1.2000, 1.2050 Profit Target (for a profit target of 50 points)

For Sell / Short located BELOW the target price of open positions Sell / Short.
(Note! Sell / Short BID, Target and Stop Loss is based on ASK)

Example: Sell EUR / USD 1.2050, 1.2000 Profit Target (for a profit target of 50 points)

Stop Loss is an order to liquidate a position automatically at a certain price to limit losses that might occur if the market moves against the trader's position.

For Buy / Long position, located BELOW the stop loss opening price of the position of the Open Buy / Long.
(Note! Open Buy / Long ASK, Target and Stop Loss is based on BID)

Example: Buy EUR / USD 1.2050, Stop Loss 1.2000 (stop loss 50 points for loss)

For Sell / Short position is located ABOVE stop loss opening price positioning Sell / Short.
(Note! Sell / Short BID, Target and Stop Loss is based on ASK)

Example: Sell EUR / USD 1.2000, Stop Loss 1.2050 (stop loss 50 points for loss)

Stop Loss can also serve to protect the profit that you have obtained (lock profit). The trick is to change the stop loss position to the top (to Buy) or down (to Sell).

Example:
A trader Open Buy at 2.0000, TP (Take Profit) at 2.0050, SL (Stop Loss) at 1.9970. After a while, the price has moved into the expected direction (up) on the position of 2.0040. In this case the trader is at a floating profit position (open position and in a state of profit) by 40 points. To protect profit as much as 20 points, the trader can move the stop loss on open price + 20-point, ie 2.0020. Why 20 points? Condition is the profit you want to lock, must be smaller than the current floating profit (20 <40 points). When the floating profit then moved to 60 points, the trader can raise the stop loss to 2.0040 to lock the position of profit by 40 points, and so on. This is the basis of the trailing stop.

After filling Take Profit and Stop Loss, then the data will be stored on the server Forex Broker. So you do not have to worry about and can always turn off the computer / internet connection disconnected. Take Profit and Stop Loss will continue to work WITHOUT having to turn on the computer and connect to the internet via a forex broker