What is a good StopTrailing (as points) in a Healthy H4 trend

[MEHMET FATIH BARUT]

Hi all,

Lets say you entered in a good point of a Healthy H4 trend

Lets say you earned 150 points or the amount you like in your strategy and you want to setup up a stoptrailing

How many points would be your choice like 100 or 150 or what?

[Sergey Golubev]

read this thread with a lot of the information, tools and more:

Which strategy is best to close the position?

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Which strategy is best to close the position?

Sergey Golubev, 2019.04.22 09:36

The Importance of Exit Strategy

==========

The threads on the forum:

• Exit Strategy : What's yours?
• Which strategy is best to close the position?

==========

Videos:

• Simple example about entry and exit method for swing traders (D1 timeframe)
• Effective Forex Exit Strategy For Traders
• The Importance of Exit Strategy, part 1
• The Importance of Exit Strategy, part 2
• The Importance of Exit Strategy, part 3
• The Importance of Exit Strategy, part 4 - guidance of great traders

==========

[Sergey Golubev]

Example -

Forum on trading, automated trading systems and testing trading strategies

PriceChannel Parabolic system

Sergey Golubev, 2017.06.29 07:52

 PriceChannel Parabolic system

The beginning - Channel systems

1. Channel trading system - the key thread 
2. SHI Indicators thread 
3. Price_Channel_v6-ea thread 
4. Price Channel thread 

===========

After 

PriceChannel Parabolic system basic edition

• indicators and template to download for black background (first post of this thread)
  
• PriceChannel indicator is on CodeBase here, same for white background, how to install
  
• Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 
• PriceChannel ColorPar Ichi system is on this post 
  

PriceChannel Parabolic system second edition

• indicators and template to download for black/white background - look at this post.

Latest version of the system with latest EAs to download

• pricechannel_parabolic_system_v1 EA
  
• pricechannel_parabolic_system_v1_1 EA with updated indicator
  
• Fully updated EA with trading system is on this post and latest indicators to download  

How to trade

• tp/sl levels and timeframes
  
• how to trade with explanation
  
• graphical illustration about where to enter and where to exit with latest version of the system
  
• how to use AFL Winner indicator with more explanation,
  
• Updated manual system with templates and indicators - this post 

The setting for EAs: optimization and backtesting 

• optimization results for this EA for EURUSD H4
  
• backtesting results for EURUSD H4 with the settings #1
  
• backtesting results for EURUSD H4 with the settings #2
  
• optimization results for EURUSD M15 
  
• backtesting results for EURUSD M15 with the settings #1
  
• optimization results for GBPUSD M15
  
• backtesting results for GBPUSD M15 with the settings #1

Trading examples

Metaquotes demo 

• MT5 statement is here
• Updated statement is here
• More trading updates
• Updated MT5 statement
• More updates
• 811 dollars for 3 trading days and final statement for scalping 

GoMarkets broker, initial deposit is 1,000

• statement (77 dollars in less than 1 hour)

Alpari UK broker initial deposit is 1,000

• statement (517 dollars for one day)

RoboForex broker initial deposit is 1,000

• first statement
• updated statement  (257 dollars in 2 days)

[William Roeder]

MEHMET FATIH BARUT: How many points would be your choice like 100 or 150 or what?

Since every symbol is different, any such choice is arbitrary. A starting point might be n × ATR, with n being [2.5 … 3.5].

[Eleni Anna Branou]

MEHMET FATIH BARUT:

Hi all,

Lets say you entered in a good point of a Healthy H4 trend

Lets say you earned 150 points or the amount you like in your strategy and you want to setup up a stoptrailing

How many points would be your choice like 100 or 150 or what?

It depends on the currency pair and the time you are prepared to leave your position open.

I myself perform individual tests on all pairs that interest me and I make customized settings for each one of them.

There is no easy answer in these questions, but for a H4 trend strategy, I prefer a SL level close to the daily range.

[MEHMET FATIH BARUT]

William Roeder:

Since every symbol is different, any such choice is arbitrary. A starting point might be n × ATR, with n being [2.5 … 3.5].

thanks

[MEHMET FATIH BARUT]

Eleni Anna Branou:

It depends on the currency pair and the time you are prepared to leave your position open.

I myself perform individual tests on all pairs that interest me and I make customized settings for each one of them.

There is no easy answer in these questions, but for a H4 trend strategy, I prefer a SL level close to the daily range.

thanks, does daily range mean D1[0] ATR?

[William Roeder]

No. Because bar zero is still forming, its measured value will always be less than true value. Use bar one.