Orders and execution · Pro
Trailing stop
What does Trailing stop mean?
A trailing stop adjusts a position’s protective stop as the market moves favorably. It manages an individual exit and is different from a prop account’s trailing drawdown rule.
Example
A protective stop rises behind a gaining long position according to a chosen distance.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Some implementations require the terminal to keep running to update the stop.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.