Trailing stop activation: 274.4100
% Change: 1,398.91%
% Change: 9.84%
A period with a large true range can actually cause the TS to go down. We can see below the candle on the 4th November actually induced the TS to drop to around 294.817 when previously it was 340.868 set up by the candle on the 3rd.
It worked out in our favour this time. It will be interesting to keep an eye on when it does the same yet we exit at the lower TS. If it goes against us more that for us, then we will need to adjust the system such that we can only increase the TS not reduce it.