Hi,
i was wondering what's the most commonly used trailing stop,
there are 2 kind as i know:
1). Moving the SL (variable pips) everytime the price going to positive way where SL=Bid-TrailingStop*Point (for Buy order)
2). Moving the SL (as much as "TrailingStop" pips) everytime the price go to positive direction as much as "TrailingStop" pips from the last SL modification.
The 1st one may give more profits since it trail the price every pips, but it can cause large traffic to the server.
The 2nd one doesn't cause much traffic(if "TrailingStop" is big enough), but it may not give much profit locked.
So i was curious which one are commonly used?
Also which one used by MT4 built-in Trailing Stop? (i never use the built-in TS since i'm on a slow dialup and the price can be jumping far so i can't watch it moves every pips ^_^)
Thanx in advance for your clarification
i was wondering what's the most commonly used trailing stop,
there are 2 kind as i know:
1). Moving the SL (variable pips) everytime the price going to positive way where SL=Bid-TrailingStop*Point (for Buy order)
2). Moving the SL (as much as "TrailingStop" pips) everytime the price go to positive direction as much as "TrailingStop" pips from the last SL modification.
The 1st one may give more profits since it trail the price every pips, but it can cause large traffic to the server.
The 2nd one doesn't cause much traffic(if "TrailingStop" is big enough), but it may not give much profit locked.
So i was curious which one are commonly used?
Also which one used by MT4 built-in Trailing Stop? (i never use the built-in TS since i'm on a slow dialup and the price can be jumping far so i can't watch it moves every pips ^_^)
Thanx in advance for your clarification