What is Trailing Stoploss (TSL)?

Trailing Stoploss (TSL) is an optional exit feature that automatically moves your stop loss in your favour as the strategy price moves positively.

• When the strategy price moves in your favour, the stop loss trails by every tick i.e. 0.05 points.
  
• If the price reverses, the stop loss gets fixed
  
• The strategy exits automatically when the fixed stop loss level is hit
  

? TSL helps protect profits while allowing the strategy to continue running during favourable moves.