Plutonite's Dynamic Trailing Stops

Really this tread dead?

Nobody look into make a script or an EA with the idea?

I think it is quite simple like trailing stop ea by modify command.

Will see if I get some free time to try it..if within a month no news, meaning I am busy with other priority

Plutonite very interesting ideas. I think I will look into it more and give it a try when I get the chance (as I ussualy trade on m1). One thing though, maybe as a possible addition, why not bring some support levels into this as well ? Say if the sl by this calculation is behind a known support then you could move it closer because if the support is broken it's likely to hit the sl anyway. On the other hand if it's right past the support then maybe widening it a bit so as not to get blown out by a small rebound is good. Of course it should also depend on the type of move you trade and expect at that specific time. Keep up the good ideas.

maybe this is what you want..not an EA but imsure someone can do it..

Hi Plutonite, have you ever thought of using a value derived using fibbonacci.

Fib theory says (I think!) that if a move retraces by more than the 61% then it is likely to reverse.

Could you not trail using a '62% stop'

I know it would be hard to satomach a 62% loss but maybe this is what you need to do to keep in the long trends.

Perhaps take partial profit @50% and the rest @62%

Just another idea.

I think exit strategies are harder than entry

Hi Automatedtrader can you please explain how to use this indi.

With thanks

David