I want to understand better how pLOSS 200 becomes pTRAILING 30. Say my average position price is 500 (buy / long) with pLOSS 200 and pTRAILING 30. If I use both the stops together, can you please explain to me at what current price pLOSS 200 will become pTRAILING 30?
Your definition in the manual is:
SET STOP pLOSS x pTRAILING y: A stop loss is placed at x points from average position price and it becomes a trailing stop of y points if the trailing stop level become closer to current price than the stop loss level (this occurs price varies favorably by y points – x points)
I’m assuming this means y points minus x points. In my example 30 minus 200 = -170