recently i found the necessity of trailing stops for negative positions. in mt4 platform we have trailing stops for positive position to secure our profits. bit i think we need trailing stops or losing positions for minimizing the loses to.
today i oped a position and after while it goes -40 and looks like he price will go against my position so. an after some moment it came down to -20 pips and i thought if it is in breakeven il close it. but after 30 min i found it goes -80 pips and i have to close the position imitatively. then i realized if we have trailing stops for loss position then i can secure few pips from this type of condition. so what is ur opinion do we need this ts or not?