DislikedThank you for the kind answer. It makes sense to me to adjust the SL to current market volatility. Perhaps using ATR for the last X periods or such.
My question refers not to the size of the TSL but the application of it as a pip by pip TSL, in other words as price advances pip by pip in direction of trade TSL advances pip by pip in direction of trade OR X pip increments, in other words price moves X pips in direction of trade before TSL moves or some other means of trailing the stop loss. I hope my question is clear. But I could be wrongIgnored
I move my TSL periodically. There is no need to move it pip by pip. There is always sufficient time to recognise a new high and adjust the TSL.
Having said that, if you you wish to move your TSL pip by pip or in X pip increments, that is fine too.
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