stop loss, trailing stop and breakeven

saj1011 2011.05.04 13:28

hi community,

which of these stops is best..... "stop loss", "trailing stop" or "breakeven" should be in order and why ?

i am currently trying to assess which is best, which to enable at same time or run all, i am keen to hear other peoples experiences.

thanks

Trying to add trailing stop & stop loss to EA, need help please...
[ARCHIVE]Any rookie question, so as not to clutter up the forum. Professionals, don't pass it by. Can't go anywhere without you - 5.
[ARCHIVE!] Any rookie question, so as not to clutter up the forum. Professionals, don't pass by. Can't go anywhere without you - 4.

Ubzen 2011.05.04 13:41 #1

It depends obviously on the system. There's no cut and dry best when it comes to stop-losses, just preferences. Imo.

[Deleted] 2011.05.04 14:13 #2

When testing, I prefer to set stop loss and take profit to equal values. If you can make an EA profitable that way, it may mean you strategy is capturing some key behavior of price movement. Either that, or you've found the sweet spot in your historical data for your particular strategy. ;)

Help with 5 digit Experts: TP SL Trailing EA for EMA URGENT!!!

brewmanz 2011.05.05 08:59 #3

None of the 3 words are mutually exclusive. "My strategy uses a stoploss set to same as Take Profit, and then, when I hit breakeven, I change it to a trailing stop" makes perfect sense (in English, if not trading style!)

"breakeven" is a strategy (decision on where to place SL)

"stop loss" is a tactic (a way to achieve your strategy)

"trailing stop" is an action done to a stop loss

Please lend me a Exit Strategy : What's Loss control

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