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I read the docs about SL, TP and Trailing Stop but is a little bit confusing me. TP is clear for me.
So please a concretei explanation about how SL and Trailing stop works. Are they related to each other or they are independent?
Let say I open a postion EURUSD at 1.3755 and fix SL=15 pips and Trailing Stop=25.
How it works and when the position will be closed by trading system?
Thanks in advance for explanations!