I trade a breakout system on a 15 minute chart... Generally speaking I trade 2 lots at anyone time.
I take profit on the first once I have 20 pips profit then I trail my stop.
My question is from your experience how many points behind is it best to trail a stop...
I used to trail it 30 points behind but in the recent weeks because of the low volatility I have been trailing it 15 points behind. So my question is what is an effective distance to maximise profits trailing a stop.
I trade Cable intraday off of a 15 min chart....
I take profit on the first once I have 20 pips profit then I trail my stop.
My question is from your experience how many points behind is it best to trail a stop...
I used to trail it 30 points behind but in the recent weeks because of the low volatility I have been trailing it 15 points behind. So my question is what is an effective distance to maximise profits trailing a stop.
I trade Cable intraday off of a 15 min chart....