The Trigger Tracking Stop Loss

VEMA's Trigger Tracking Stop Loss is perfect for those who want their stop loss to follow the current trend. It allows a user to set a specified percentage from their trigger,  that VEMA will then use to trail their Stop Loss along their trigger as time goes on. This allows a trader to automatically reduce risk and lock in profits over time.

Using the Trigger Tracking Stop Loss

The Trigger Tracking Stop Loss (TTSL) can be added to any trigger setup by going to the risk management section, selecting "Stop Loss Strategy" and then clicking "Trigger Tracking"

Once done, you'll be able to adjust the percentage your TTSL trails your trigger by using either the orderline on the chart, or the percentage field on  the left panel.

You'll also note that the left panel informs you how often your Stop Loss will be adjusted - this will match the timeframe of the chart you're currently on, so a 1h timeframe chart will see the Stop Loss adjusted every 1h candle.

It's important to note the TTSL can only be used with certain Trigger slopes.

For a Long, the Trigger must slope up as it moves to the right, and for a Short it must slope down as it moves right.

The reason for this is allowing the TTSL on triggers that sloped the other way would mean a stop moving further from entry - increasing risk and potentially putting liquidation between Entry and Stop Loss.

Trigger Tracking Stop Loss on an open position

Once your position has entered, VEMA will trail your SL along your trigger by your specified percentage. This works similar to our "Other Side of Trendline" Stop Loss, however rather than a fixed value set at entry, the Trigger Tracking Stop Loss adjusts to map to your trendline as the trade plays out.

You can see an example of that below. This Short trade's Stop Loss is constantly updated to be 0.59% above the trigger, locking in profits as time goes on.

Manually moving your Stop Loss

Manually moving your Stop Loss will cause the Trigger Tracking Stop Loss to cease functioning, as you take more control of the trade. You'll see a warning of this occurring if you attempt to move the Stop Loss on a TTSL trade. If your manual change is confirmed, the Stop Loss will no longer track your trigger.