DislikedI use a stop of around 10 pips, I'm about accuracy, I don't like trailing stops because they're not accurate and are a bit 'wishy washy'.
I've doubled two accounts in under two weeks so I guess I must be doing something right.Ignored
Looking for Trailing Stop EA like default MT4 trailing stop 7 replies
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To Trailing Stop or Not To Trailing Stop.... 36 replies
DislikedI use a stop of around 10 pips, I'm about accuracy, I don't like trailing stops because they're not accurate and are a bit 'wishy washy'.
I've doubled two accounts in under two weeks so I guess I must be doing something right.Ignored
DislikedI never add to a position, if I got it wrong I got it wrong and move on.Ignored
DislikedHi friends, Iam using james price action. If iam correct all people who are using james method using stoploss.(Using using hehehe i write and speak english in stupid way.) I want to know (1)what is exact mean of trailing stop ? (2)stoploss and trailing stop. Who is best amosg these ? (3)when should we use it ? (4)should it would be 5-10 or more ? (5)How can i improve my strategy( sorry james16 price action) with trailing stop? Please answer........................................................... Iam waiting..................................................................Ignored
Disliked{quote} Have a listen to this podcast which discusses the pro's/con's of different exit methods. You might be surprised with the outcome. The supporting files are also located at the base of the page if you want to get deep into the analytics. http://bettersystemtrader.com/037-ce...s-stop-losses/ Important note: There is no one size fits all for exits and for that matter, any trading parameter used with your technique. It is essential that you test the conclusions yourself against your own strategy and don't fall into the...Ignored
Disliked{quote} thanks C sadly no stats for NO TP exit strategy, right. well, his concept was also to close the trade after x days, but for trendfollowing you cant really predict TP levels so trailing is your only possibility it seems.Ignored
Disliked{quote} Yep J. I use a trailing stop with the discretionary trend following techniques I use as it not only serves as an optimal exit, but it also represents the point where my definition of trend is over. For various breakout techniques and forms of mean reversion however, it is a different story and need to be tested as I tend to agree with Cesar Alvarez's analytics. Geez J I will be glad to down tools tonight. There was quite a bit of movement tonight with the NFP which had me on edge. I hope things went all Ok with you. :-)Ignored
Disliked{quote} two things.. just briefly..when you get stopped out when in positive territory - probably your next trade on this instrument is again gonna be same direction as previous trade? Would you agree that this happens in most cases?Ignored
Disliked{quote} im excellent here..been adding new strategies to test..here is the latest...i just finished compiling the EA...but this results here are live!...risking 1R which depends on the currency pair volatility and NO TP...trailing is done...max 26R! now trailing GJ only +13R already.. results for 1,5 month only soooo {image}Ignored
Disliked{quote} During trending periods that's mostly the case particularly on the lower timeframes. Unfortunately for the last few months however I have been hammered by mean reversion whip saws, so most often at the moment I am glad to be out with a sliver of profit when the trail is hit as it inevitably takes off in the other direction. In general however....Ignored
QuoteDislikedI am getting a bit jaded at the moment and in need of a break
QuoteDisliked..if the trend continues I simply enter again but have more price data to widen the trail in accordance with the expansion of the SDC. It's rare that I need to enter say for the third time in a trend as by the second trade I usually can define my trend projection with enough breathing room to avoid getting nailed by a modest retracement.