WWW,
Although the proof is in the pudding, it depends largely on whether you make use of a possible trend.
Running the risk that I am stating the obvious here (or that it sounds like a cliche), you buy after pull-backs in an uptrend and once the price has cleared that area (i.e. making a new high), the pull-back low will be your trailing stop position....
In the USD/CAD case, the S/L should be moved as shown (price pointer) which took me out sooner but with a better price ...
