Correct use of ApplyStop for Trailing Stop Loss

AFL Programming
1

Hello Friends,

If you have used Trailing Stop Loss then please confirm whether my understanding is correct or what is wrong in this one line of code.

I intend to activate trailing stop loss of 5% after initial profit target of 10% is achieved.

For example if stock price keeps moving higher up to say 30% without correction of 5% ... and then suppose, a correction of 5% occurs. In that case the trade will be exited at approximately 25% profit.

If this correct way to do it? If this is wrong then how to do, what I have described above?

ApplyStop(Type=stopTypeTrailing, Mode=stopModePercent, Amount=5, ExitAtStop=1, volatile=True, ReentryDelay=1, ValidFrom=0, ValidTo=-1, ActivationFloor=10);
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