other comments will be great on strategies on when to best place the trailing stops.
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Dislikedwhen price is moving upwards, allow for one downbar to appear. level bar gets discarded.
e.g.
bar1: higher close than previous
bar2: higher close than previous
bar3: higher close than previous
bar4: lower close than bar 3 / stay in trade
bar5: higher close than previous
bar6: lower close than bar 5 /stay in trade
bar7: lower close than bar6 / close trade
for shorts the whole thing vice versa.
in an upmove also look for higher highs and lows. preferabely no lower lows. professionals have to support the low of each previous bar to keep the...Ignored