If we poke at Trailing Stop Loss once what happens afterwards? Can it still follow the price in profit direction or it stops following the price?
Assume the following
Trade direction = Long
CMP - Current Market Price = 100
TSL - Trailing Stop Loss = 5 points
Target = 15 points
Order type = Bracket Order
When the price moves to 107 the TSL would have moved to 100. However if we manually move the TSL to say 103 to guarantee 3 points profit, what happens afterwards? If the price starts moving upwards can the TSL still follow the price or will it remain at 103 only?