Trailing Stop : Does it work for you? - page 2

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launic:

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? 

 
doshur:

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.

 
Still a majority votes trailing stops does not help
 

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. ^_^

 
oddpip:

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?
 
doshur:
what's your strategy like? trend or range?
at the moment breakout and trend (separately, different EA)
 

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) 

 
Rosiman:

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) 

Same as majority of us who voted
 
doshur:
But does it help to maximise your profits? 
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.

 
oddpip:
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.

do you mind sharing how to do your trailing stop?
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