Auto pilot trailing stop
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I've noticed in my live trading that on several occasions the initial move is substantially more than 20 pips. As the program takes profits at 20 pips there is an oppurtunity lost. Does anyone know if you can set a trailing stop above 20 pips (locking in those 20 pip profits) taking advantage of additional profits.
In regards to drawdowns I've determined through "what if" scenarios what effect different stops would have on my account. A stop of between 50-60 pips results in the highest net return. One loss will takeout between 2.5-3 winners.
Food for thought.
Scott