9477980783 Okay.
Say you bought an instrument at 100, 20% SL(i.e. SL at 80), SL trails with (5, 2) points
Say the price goes up till 140 and back to 90.
As per TSL condition, price hits 140, so you had a movement in your favour by 140-100 = 40 points, hence SL trailed by 16 points. So SL is eventually trailed to 96, Updated SL = 96.
When price falls back to 90, in between it hits 96, and hence your first entry is Squared off.
Now the reentry at cost condition will wait for price to again reach 100.
Say, the prices agains goes to 150 this time.
The reentry condition was triggered and a fresh entry was taken at 100, again with same SL of 20%(i.e. SL was at 80). And TSL condition was (5, 2)
This time the price goes to 150, so you had a movement of 150-100=50 points in your favour, so the SL will shift by 20 points, Updated SL = 100.
Now say the price falls back to 95, and again goes till 120.
When price falls back to 95, in between it hits 100, and hence your second entry is also Squared off now.
Now the reentry at cost condition will wait for price to again reach 100.
This time the price went till 120. So in between your reentry condition was satisfied, and again a fresh entry was taken(Same conditions).
Entry Price=100, SL=120, TSL with (5, 2) points.
This time the price went till 120, so you had a move of 120-100=20 points, so SL was trailed by 8 Points. Updated SL = 88.
And this will go on depending on the price action and the number of reentries you have.