DislikedIt's discretionary decision, the same as with 50 tsl. It's because we see more volatility now. However applying a tsl based on an atr value would be very good strategy. You should backtest what length of atr moving average to apply and what should be the ratio you will multiply your atr value by. It all depends what size of move you would like to capture and how long to stay in the market. You must also remember that when something goes wrong you will give up full amount of your tsl - so it should be a good compromise of all these elements.
I'm reading "Trade Your Way to Financial Freedom" at the moment and there is also something interesting what one could apply. It's called maximum adverse move. You could see at history prices what was the largest drawdown in the trend in your desired timeframe and use slightly larger value as a tsl.
I hope that helps.
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