
Category: Risk Management | Date: 2026-11-03
On every close of the candle you choose (for example 5-minute), the stop moves to the low of the last few closed candles for a long, or the high for a short. It only ever tightens. Strong trends keep you in; the first real pullback through recent structure takes you out.
| Setting | Meaning |
|---|---|
| Timeframe | Which candle drives the trail, e.g. 1m, 5m, 15m |
| Lookback | How many closed candles to take the extreme from |
Followers copy the leader’s fills. When the trailed stop fills on the leader, Protect closes each follower in that market.
Related: auto breakeven on Propr · Propr order types.
A stop that moves to the low (long) or high (short) of the last few closed candles on every candle close, and never loosens.
Yes. Arm it from the order ticket that opens the trade, or later from the chart.
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