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Discussion about how to Properly move your Stop Loss

  • #21
  • Jan 4, 2009 4:59pm Jan 4, 2009 4:59pm
Quoting billflet
Yes, you can manually close your trade....
thank you so much for your time to help me out. what pairs/instruments do you trade?

other comments will be great on strategies on when to best place the trailing stops.
  • #22
  • Jan 4, 2009 6:42pm Jan 4, 2009 6:42pm
Quoting Dr.Geppynius
when price is moving upwards, allow for one downbar to appear. level bar gets discarded.

e.g.

bar1: higher close than previous
bar2: higher close than previous
bar3: higher close than previous
bar4: lower close than bar 3 / stay in trade
bar5: higher close than previous
bar6: lower close than bar 5 /stay in trade
bar7: lower close than bar6 / close trade

for shorts the whole thing vice versa.

in an upmove also look for higher highs and lows. preferabely no lower lows. professionals have to support the low of each previous bar to keep the...

Dr.Geppynius,

Thank You for your approach I will definetly backtest and review this method. This is very interesting.

Thanks Z
  • #23
  • Last Post: Edited 7:47pm Jan 4, 2009 7:12pm | Edited 7:47pm
phew... 50+ pips just earned. good luck and happy bidding. will for sure use trailing stop for my long runs.
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