Trailing Stop : Does it work for you? - page 2
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Hi Doshur,
My opinion is that Trailing Stop purpose is to avoid losing accumulated profits when some unpredictable events occur,
overall it can be usefull if the stops are placed at calculated points, I personally used the parabolic sar points to trail the stop loss.
KR.
Hi,
But does it help to maximise your profits?
Hi,
But does it help to maximise your profits?
For the trailing stop, maximise profit is equivalent to don't loose money,
so yes, the trailing stop maximises my overall balance.
IDEAL TRADING:
1. Find a Strategy 100% Winning
You can't?... then try to get the closest possible.
2. Don't lose money.
You can't? ...then try to lose the little possible.
3. Don't set limits to the Providence.
-> Don't use Take Profit, just flexible Trailing Stop.
I dont use TP at all, i just follow the price wherever it want to go :)
Point 3 is VERY easy to code. So why don't use it? ;)
Point 1 is NOT easy. Lets focus on this. ^_^
IDEAL TRADING:
1. Find a Strategy 100% Winning
You can't?... then try to get the closest possible.
2. Don't lose money.
You can't? ...then try to lose the little possible.
3. Don't set limits to the Providence.
-> Don't use Take Profit, just flexible Trailing Stop.
I dont use TP at all, i just follow the price wherever it want to go :)
Point 3 is VERY easy to code. So why don't use it? ;)
Point 1 is NOT easy. Lets focus on this. ^_^
what's your strategy like? trend or range?
Hi Doshur,
I tried to insert inside all my EA trailing, without any improvement. Contrary profit is much lower.
That's why I use large take profit understood from historical prices(backtest)
Hi Doshur,
I tried to insert inside all my EA trailing, without any improvement. Contrary profit is much lower.
That's why I use large take profit understood from historical prices(backtest)
But does it help to maximise your profits?
TrailingStop IS NOT a trading strategy, only a strategy to save your profits.
It cannot maximize profits you don't have.
Changing a StopLoss to avoid a Loss is not a bad move.
If it "backfires" means is just too tight, and you are using it the wrong way.
Profits come from trading strategy: the way you choose the moment to open an order.
TrailingStop IS NOT a trading strategy, only a strategy to save your profits.
It cannot maximize profits you don't have.
Changing a StopLoss to avoid a Loss is not a bad move.
If it "backfires" means is just too tight, and you are using it the wrong way.