How many pips will you set for trailing stop?

Trading within one day, using 1h-15min-3min combine to do the anlysis and

I used to set the tailing stop pips to 20, but it always got reached by the back adjustment, how many points do you guys set this? may be 40 points is more reasonable ?

depends on the pair.

you need to study.

thank you

For me its 25-35 for major pairs and 35-75 for carry trade ones (GBP, EUR, AUD, NZD, ... / JPY, CHF).
It can be 100-150+ for pairs with big volantility and spreads.

Also depends on your account size.

in so many of traids are diffrents but you should look how and when do you trade if the trade is soo god you can set it 3 times more than your trade and if yyour not sure set it on max 50 pip and some times look at patterns and ressitance and supports in charts and next set stop loss ...
have best trades and make lots fo mony

Yeah, it really does depend on your trade. If your trading longer term you are most certainly going to need a larger trail stop. On the other hand if I'm trading a break out say on the Eur/Jpy then I'll frequently have a really really tight 15pip trail stop. Works well since when this pair moves it tends to just fly.

But anyway it all depends on the style of the trade. Hope this helps

it depends on the trade, on the pair, on the outlook in the future etc

but usually between 50-200 pips

Does it? Not in my opinion. Account size shouldn't be a factor in setting your stop, rather the size of position is dictated by account size and risk. Perhaps you are talking about something I had not considered. Care to divulge?

It depends on your style of trading, the pair traded, time frame, etc. You have to demo a strategy for at least 2 months with different trailing stops and trade live with the one that gave better results.

Track TS @ Max Profit - 20% of Max Profit. {23% for Fib Fans}
{Ahh $hit. That may require some work. "Let's write an EA"}

LOL - I think theres one out there already....

I use ATR (volatility) based trailing stop. Like people said already, behavior of the market changes from time to time, so let ATR decide where you exit. fixed pips trailing stop doesn't make sense to me.

I have been using scalping method to trade but I have run into a problem. Actually, I have had this problem for quite a while. I am using a trailing stop and BE for scalping and I am always being kicked out of good trades too early. For eg. I use trading on M1 or M5, I set the BE at 2-5 pips and the stop loss is around 5 -10pips. TP is 15~25 pips

Sometimes i try to put the stop loss longer to prevent kicked out without any BE or stop lost ,then i lose bigger money.

see below pictures. I always win the small money but lost the big one.



What is your experience with trailing stops and BEs? Do you use them?
I am thinking about not using them but if I don't use them my position is a little unprotected....

Hey Verjanso!

Do you have screenshots of all of your old trades? If not, maybe you can drag each of those positions back onto the chart and look at the entry and exit and then ask the question, "What would've happened if I'd had a fixed stop for this trade?" Write down what you find based on looking at a huge amount of your past trades.

You could very well find out that a fixed target and stop might work better for your style of trading. I can certainly see why trailing stops on the M1 and M5 charts could be problematic.

If the fixed stops and profits would've have made you more profitable, perhaps you could create a hybrid type system where you only start trailing your stop if something technical occurs that would suggest a bigger move in your favor?

Let me know how you go.

Its all relative. When I scalp I use 10pip sl, otherwise deepening on what my goals are it could be up to 200 pips. Agree with the first couple posters if your asking this you probably should do some more studying!

Thank you.

Now i only use SL and TP ,sometimes move SL to BE when porfit more . No trailing stop. it works better now

I tried googling and youtube but I don't know if I understand how the "points" when setting up a trailing stop works. When I chose let's say 30 points, does it mean the trailing stop will not move unless 3 pips will move towards my favor?

If I understand correctly, trailing stop is when your SL moves as well whenever your set up is correct, let's say i bought eurusd and it moved 20 pips. then my stop loss would also move 20 pips, but what does points mean when i set up my trailing stop? sorry for noob question.

You can start with ATR, then slowly work your way around each pair. Each pair behaves differently at different time of the day. Also remember to include spread as they will widen at different time of the day too!