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1) Where does TimeBasedTS place the trailing stop - How many pips behind the price?
You put that in the buy / sell icon. TimeBasedTS manage when the trailing stop is evaluated. There is a short description about it at
http://www.molanis.com/products/molanis ... or-builderQuote:
2) I am assuming that TimeBasedTS only initializes after the EA has broken even
No, it works as a normal trailing stop
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3) Im a long term trader so I set TimeBasedTS for 240 which is every 4 hours. Does anyone suggest otherwise?
Initially our software used trailing stops that where in line with the way people so they worked every tick or every bar. But some people wanted to trade bars but move the trailing stops every tick, and others wanted to trade 1 hour bars but check the trailing every 30 min. Thus we created all options. In reality you have to select the way that is better for you.