Like a limit, a trailing stop is designed to protect your profit. Place a trailing stop when you open your trade and it will move with your profit. If the market turns, your position will close out at your trailing stop’s new level, not the level you originally placed it at.
Using a trailing stop means you lock in profits without the need to manually monitor your position and adjust your stop.
To activate trailing stops, go to My Account > Settings > Preferences, select Allow Trailing Stops, accept the T&Cs, and click Set Preferences.
Free | Track and protect profits | Non-guaranteed