The Trailing Stop Sell Order Strikes Again :-)

I'm considering that I have to be mistaken in some point. If I'm right, there's a danger if the activation worth is totally different of something very very close to, however above of the present worth.

The state of affairs is described under. Please, right me if I'm mistaken.

Suppose that the worth is x. Suppose additionally, that the parameters of the Trailing Stop Promote Order are be the next:

• Path %: t
• Activation: x+y
• Restrict: lp

When the worth rise to x+y (activation worth) then, begins a "hidden order" at (x+y)*(1-t).

When the worth rise till z > x+y, the hidden order is established at z*(1-t).

When the worth (now in z) rise again to (z + w), the hidden order is stablished at (z + w)*(1-t), and go on. As an alternative, if the worth (in z) goes down, then the hidden order stays at (z*(1-t)).

If the worth rise again over z, then the hidden order goes up once more.

If the worth goes right down to lower than (z*(1-t)), then the system put a promote restrict order at worth lp (restrict worth).

If so and lp < present worth, then this sell limit order have to be triggered instantly as a result of is a promote restrict order. The effect is that the sell is realized on the present worth that is perhaps near z*(1-t).

If this example is right and the quantity is the maximum allowed, then THERE IS NO REAL STOP LOSS.

This happen as a result of the system doesn't permit me to place to orders (except OCO case) to promote the identical ETH.

So, if the worth goes down after put the trailing cease order and never reach the activation worth, I lose all my ETH !!!.

Where is my error ?

Thanks.