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Trailing Stop or Take Profit?

  • #21
  • Jul 13, 2016 5:02am Jul 13, 2016 5:02am
to trade I usually take advantage of take profit than the trailing stop. Or by using SL profit positive so we will be protected
  • #22
  • Jul 15, 2016 6:30pm Jul 15, 2016 6:30pm
I use a trailing stop simply because I place my trades once a day and I'm not around to move my stop manually to break even. I wish I could have the stop moved to break even and then let things ride to a take profit but no can do so I just let the trailing stop ride and check in the next day. I have no interest in watching charts all day or getting up at an ungodly hour to manage trades.
  • #23
  • Jul 19, 2016 4:45am Jul 19, 2016 4:45am
On volatile market I prefer to use TP because sweeping price swings can easily trigger Trailing Stop cutting down potential profits. On flat or trend market I often use trailing stops though there are few trading pairs which offer that opportunity.
  • #24
  • Jul 19, 2016 12:47pm Jul 19, 2016 12:47pm
Quoting artmat
Depends on situation, but trailing stop to let trade run after taken halv profit
Yes Depending on the situation present I either use TP or trail stops . Rather on a highly volatile pair where I would prefer a TP to trail stop,I do try to take gain of each TP and trail stops to my advantage, go out half of contracts or 1/3 position at a specified price target(a profit level). Trail the last half giving it enough space. This way you get to be kept in the winners longer and help prevent over-trading. What I mean on over-trading is that if you go out a position at a complete level, you have each cause to look for a re-entry. i found that by means of preserving half running, i am certainly preserving myself more disciplined and also getting plenty large winners.And if the trailing is taken out at a loss, you continue to ought to have made money based totally on the first exit. So, that 1/2 trailer may be given cushion to work There's nothing that feels worse then exiting a trade a point or two early just to take some profits.
  • #25
  • Jul 25, 2016 1:41am Jul 25, 2016 1:41am
It all boils down to what you feel yourself comfortable doing. No right or wrong answers here. Of course you have to take into account what is the win rate and what is the minimum win per single trade to make your money management work in along run.
  • #26
  • Jul 25, 2016 11:32am Jul 25, 2016 11:32am
i have a query guys.
when a weekly pivot value changes? is it like it changes after completion of a week or it is fixed all the time?
thanks in advance.
  • #27
  • Oct 24, 2016 5:13pm Oct 24, 2016 5:13pm
Quoting vyder
I am curious about something. Does anyone use the trailing stop as a means to take profit? Or do you use it in conjunction with a Take Profit? When you run with the market, which strategy should one go with? thanks.
It all depends on your trading style. If you are an intraday trader, then you may have to use the trailing stop in conjunction with your take profit so as to lock in more profit while also protecting your trade. My trading style is swing and there is usually alot of price fluctuation before the profit target is hit. So setting a trailing stop in such a case will mean you have the trailing stop hit before the actual take profit
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  • #28
  • Dec 15, 2016 3:01am Dec 15, 2016 3:01am
Quoting havilah
{quote} It all depends on your trading style. If you are an intraday trader, then you may have to use the trailing stop in conjunction with your take profit so as to lock in more profit while also protecting your trade. My trading style is swing and there is usually alot of price fluctuation before the profit target is hit. So setting a trailing stop in such a case will mean you have the trailing stop hit before the actual take profit
the advantages wish we can get will certainly need to have a variety of ways that we do, would surely we can continue to do the training first so that more mantep in performing its forex trading and can generate profits
  • #29
  • Dec 15, 2016 8:43am Dec 15, 2016 8:43am
Sometimes it's good using it, while most of the time not so much, depending on the momentum. That is my opinion.
  • #30
  • Jul 10, 2017 5:03pm Jul 10, 2017 5:03pm
I like to use both, actually which is more appropriate to the concept of trading it depends on the situation.
  • #31
  • Jul 11, 2017 3:18am Jul 11, 2017 3:18am
If you have a clear target better just a take profit. If your doubtfull and more cautious placing of a trailing stop reduces the risk but most of the time ruins the whole trade for me so I stopped using making me thoroughly think and better calculate my profit targets.
  • #32
  • Jul 11, 2017 5:31am Jul 11, 2017 5:31am
Quoting vyder
I am curious about something. Does anyone use the trailing stop as a means to take profit? Or do you use it in conjunction with a Take Profit? When you run with the market, which strategy should one go with? thanks.
I usually go with take profit when I'm confident only when it hits my price target but when I am a bit of pussy, I just take 1/2 or 1/4 of the price target by closing it manually. I never use trailing stop.
  • #33
  • Jul 11, 2017 6:26am Jul 11, 2017 6:26am
Quoting FXemperorr
{quote} I usually go with take profit when I'm confident only when it hits my price target but when I am a bit of pussy, I just take 1/2 or 1/4 of the price target by closing it manually. I never use trailing stop.
Why not set SL at the end of trend and put another stop for reversal? lol
  • #34
  • Jul 11, 2017 7:37am Jul 11, 2017 7:37am
Quoting IPMan
{quote} Why not set SL at the end of trend and put another stop for reversal? lol
Well everytime when I'm very confident of where the trend is going. Believe me, I never did put SL. I just let it ride until it reach to my desire TP. The only time I put SL is when I have to be away or being a pussy
  • #35
  • Edited Jul 12, 2017 2:40am Jul 11, 2017 9:47am | Edited Jul 12, 2017 2:40am
As most have already said it completly depends on your trading style and setup, but i want to show you an example of myself. I attached a image of my current cad/jpy long position. The black strokes show you where i approximately moved my stop-loss each day a few pips under the low of the past day so the price have, in this situation, enough "room" to breathe. Once the price breaks a lower low it will trigger my stop-loss. And of course i also decide the SL breathing room based on the lower timeframes.
Attached Image (click to enlarge)
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  • #36
  • Jul 11, 2017 9:50am Jul 11, 2017 9:50am
Quoting FXemperorr
{quote} Well everytime when I'm very confident of where the trend is going. Believe me, I never did put SL. I just let it ride until it reach to my desire TP. The only time I put SL is when I have to be away or being a pussy
you don't get my point

Quoting M.Goldstein
As most have already said it completly depends on your trading style but i want to show you an example of myself. I attached a image of my current cad/jpy long position. The black strokes show you where i approximately moved my stop-loss each day a few pips under the low of the past day so the price have enough "room" to breathe. Once the price break a lower low it will trigger my stop-loss. {image}
If I'm you I won't move my SL until next pullback
  • #37
  • Edited Jul 12, 2017 2:58am Jul 11, 2017 10:19am | Edited Jul 12, 2017 2:58am
Quote
If I'm you I won't move my SL until next pullback

Thank you for your advice but i see too much uncertainty in this market at the moment for a wider SL.
  • #38
  • Jul 11, 2017 4:03pm Jul 11, 2017 4:03pm
Quoting M.Goldstein
Thank you for your advice but i see too much uncertainty in this market at the moment for a wider SL.
Yes nobody can predict the market with certainly at all, for that reason SL is more appropriate to reduce loss but you have to know when and how to use proper Stop loss. otherwise you can’t avoid huge losses.
  • #39
  • Jul 11, 2017 6:18pm Jul 11, 2017 6:18pm
There's a world of difference between an automated trailing stop and a manually trailed stop.

I've never yet seen a profitable system/method for which an automated trailing stop was the best-performing closing mechanism, when methodically and sensibly tested and compared with a selection of other alternatives.

Not even when the trailing stop was volatility-related (though that tends to be slightly better than it not being volatility-related).

Automated trailing stops sound attractive because they're easy and comfortable, but it's also easy not to notice how often a price reverses just enough to hit a trailing stop and then continues in the direction of the trade right after closing it out.

In my own trading, I scale out of all trades, closing some of the trade at a fixed target and trailing the stop-loss manually on the remainder of the position, using the most recently-formed swing-high or swing-low as a guideline and positioning the stop just beyond it.
  • #40
  • Edited 3:10am Jul 12, 2017 2:03am | Edited 3:10am
Quoting MarkFxAnde
{quote} Yes nobody can predict the market with certainly at all, for that reason SL is more appropriate to reduce loss but you have to know when and how to use proper Stop loss. otherwise you cant avoid huge losses.
Hahaha yes of course lol.... but you lost the thread mate your answer has no context^^ I never doubted the use of a SL
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