Sliding Stop Loss Increment

[Magic Murf]

This seems to be the case, but can I just check:

If I implement a sliding Stop Loss, will that Stop Loss always slide at the rate of 1 tick per tick, regardless whether it was a Tick, Percentage or Fixed odds Stop Loss?

I'd sort of been expecting it to slide maintaining the Percentage above last matched, or slide maintaining the absolute difference from last matched, if those types of Stop Loss had been selected.

For example:
Sometimes I want to leave a market running in the background. If my selection starts at odds of (say) 10, then a stop loss 4 ticks above is quite reasonable. Obviously if the selection shortens way down to 2.10, then the same (slid) Stop Loss of 4 ticks becomes negligible and I wouldn't want it to fire, since that kind of variation can be simple background static ...

[GaryRussell]

It's possibly not how you want it to work, but this is how it works:-

Say you backed it first so the stop loss is sliding down. Every time the odds reach a new low the new stop loss level is calculated and it always the same number of ticks that you originally specified. So in your example if the odds go down to 2.1 then the stop loss can be triggered at 2.18. If you are using ticks as percent then it will be 4% higher which is 2.14.

[Magic Murf]

Gotcha, thanks.

Actually that is what I wanted to happen, but wasn't observing.
I only use stop losses if I'm not physically there, so I've been trying to unpick the behaviour retrospectively! Clearly my brain isn't firing as well as it should: so I'll find a slow-moving market and simply sit and watch it with a calculator ...

Thanks again!