Trailing Stop Settings for Intraday settings?

Hey guys, doing some back testing for my intraday strategy. Looking into closing down 70-80 percent of my lot size and letting the rest run. I find many time that when my TP gets hit, price does continue going in the same direction, I wanna implement a trailing stop-loss, any recommendation on settings ie. Trailing Stop amounts and Trailing Steps? I trade mostly
usdchf, nzdusd, audusd, eurousd, eurogbp, and some of their crossings.

thanks.

There are tens of variations for trailing stops. The main objective of a trailing stop is to let you ride the trend but not get stopped out because of minor corrections against the trend.

If you want my opinion, try researching to attach your trailing stop with the volatility of the pair you are trading. In other words, to avoid getting stopped out pre-maturely, when the volatility is high (You will have to quantify high anyway), your trailing stop step must be small and when the volatility is low, your training stop step must be large.


Best Regards,

Nader

i think atr for the recent period would work for a trailing stop, but why stop milking the cow at 4 gallons of milk when you know its capable of giving out 8?

Hey, I did some backtesting wtih forextester, GBPCHF, SL is about 40pips, tp is 120-130pips. i did a year of testing, there was 12 winning trades, 6 trades went + pips from where i did the partial close, and 6 that went below the partial close. 146pip +, 121pips lost, so in the end made 25pips My Trail is 40pip SL and 5pip Steps. 8 out of those 12 trades reversed back to where i entered. Doesnt seem like SL Trails have any merit in my system.

pumpkin24 - There's no way to know exactly where PA will go, if there was then we'd all be rich. You can do predictive analysis, and try to find confluence levels through fib, fib ext, s&r and other methods to find area of high probability for reversal.