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Assume the Once Price Moves value is 5% and the Trail Percent value is 6%.

Example 1:

For a long trade, assume the entry bar for the trade has a high of 20.0.

The financial instrument would have to move to 21.0 before the trailing stop would take effect:

20 + (20 * (5 / 100)) = 21.0

Assume the next bar has a high of 21.5 and a low of 20.5. Since the Once Price Moves value was hit, the trailing stop would be calculated as:

20.5 - (20.5 * (6 / 100)) = 19.27

If at any time the price for the instrument drops below 19.27, the trade would be exited.

Assume the next bar has a high of 22 and a low of 20. The stop would not be moved, since

20.0 - (20.0 * (6 / 100)) = 18.8, and 18.8 is not higher than 19.27.

Assume the next bar has a high of 23 and a low of 22. The stop would be moved to

22.0 - (22.0 * (6 / 100)) = 20.68, since 20.68 is higher than 19.27.

Assume the next bar has a high of 22 and a low of 20.5. The stop would be exited.

Example 2:

For a short trade, assume the entry bar for the trade has a low of 20.0.

The financial instrument would have to move to 19.0 before the trailing stop would take effect:

20 - (20 * (5 / 100)) = 19.0

Assume the next bar has a low of 18.5 and a high of 19.5. Since the Once Price Moves value was hit, the trailing stop would be calculated as:

19.5 + (19.5 * (6 / 100)) = 20.67

If at any time the price for the instrument rises above 20.67, the trade would be exited.

Assume the next bar has a low of 18 and a high of 20. The stop would not be moved, since

20.0 + (20.0 * (6 / 100)) = 21.2, and 21.2 is not less than 20.67.

Assume the next bar has a low of 17 and a high of 18. The stop would be moved to

18.0 + (18.0 * (6 / 100)) = 19.08, since 19.08 is less than 19.27.

Assume the next bar has a low of 18 and a high of 19.5. The stop would be exited.