Hey Bill,

Glad to see you are getting to play around with the platform a bit.

On this particular forex platform the take profit order is referred to as the limit order. You will notice that after placing an order the new position will show up in the "open positions" window of the platform. In this window you should see a column that says "stop" and a column that says "limit". This is where you place your protective stop (the stop column) and your take profit order ( the limit column). These orders are also Once Cancels Other meaning that if your stop level is hit and the position is closed then your take profit order (limit) is automatically canceled.

This is a little confusing for experienced traders who are used to a little bit different terminology so I understand where the confusion lies there.

As for the trailing stop yes the trailing stop can be set only so close as to where the market has to move at least 10 pips before the trailing stop will trail. I would think that even for day trading that anything less than this would not get you away from being stopped out by market noise. One exception to this may be if you are scalping but if that is the case then I would suggest manually exiting positions as you will be sitting right in front of the screen then monitoring your positions in real time.

In my videos I focus more on Swing trades, since this style sits in the middle of day trading and position trading so I feel that its the most relevant to everyone no matter what type of trader they are.

Hope that helps. Feel free to post if there are any other questions.

Best Regards,
Dave