Which is best? Or which one is best to use under which circumstances?
Also, does a Trailing stop automatically renew itself each time it hits its target? For example, if I set a 10 pip Trailing stop of USD/EUR for 1.30, and the pair reaches 1.45, does the Trailing stop then reset itself to 1.40? (and so on and so on...) Basically, I'm asking if Trailing stops automatically "ride profits," or do they have to be continuously reset?
Also, does a Trailing stop automatically renew itself each time it hits its target? For example, if I set a 10 pip Trailing stop of USD/EUR for 1.30, and the pair reaches 1.45, does the Trailing stop then reset itself to 1.40? (and so on and so on...) Basically, I'm asking if Trailing stops automatically "ride profits," or do they have to be continuously reset?
Binary Options Trader