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What is Following Distance?
What is Following Distance?
Updated over a week ago

Following Distance refers to the adjustable percentage set in relation to your Trailing Stop level.

For instance, imagine that the buying conditions for the X parity have been met, and a position is opened at a price of 100 units. If the Trailing Stop level is set at 5% and the Following Distance at 2%, the Following Distance is activated when the opened position exceeds the 5% level. Consequently, the position will be closed when it declines by 2% from any given level.

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