A sliding TP is a way of fixing a loss not on the bottom, but on the 'bounce' - General

Petros Shatakhtsyan 2021.11.05 08:10 #71

Aleksei Stepanenko #:
Petros, such a return is 1/3 of the profit. The loss is tangible, you need to check the effectiveness of such action. And this virtual TP in the picture really looks like a trailing stop.

Yes, there's no secret here. It's a regular trailing stop, just virtual and by percentage.

Losing 1/3 of a profit can be a lot, but sometimes that percentage is 10%. But if it's lower, it will also trigger quickly.

The size of this percentage no one can clearly determine. It depends on the nature of the price movement.

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Aleksei Stepanenko 2021.11.05 08:14 #72

I agree, ahper jan

JRandomTrader 2021.11.05 08:16 #73

Petros Shatakhtsyan #:

If BUY, TP is higher than the opening price. After all, the price goes in our direction.

The fact that the SL has been moved to Breakeven does not make it a TP. Similarly, if we move the TP to the loss area, it does not become a SL.

To all:

A sliding TP is a way of fixing a loss not on the bottom, but on a "bounce", except that such a bounce may be further in the loss area than the SL would be.

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Petros Shatakhtsyan 2021.11.05 08:33 #74

JRandomTrader #:

Thefact that the SL has been moved to Breakeven does not make it a TP. Likewise, if the TP is set at a loss, it does not become a SL.

To all:

A sliding TP is a way of fixing a loss not on the bottom, but on a "rebound", except that such a rebound may be further in the loss area than the SL would be.

And how do you move the SL to Breakeven. I do not know.

I just virtually showed us how we should allow TP to grow and close it when there are signs of coming back, i.e. when the profit starts decreasing.

And we should not move the SL. Then the SL will be triggered often and there will be a lot of drawdowns or we will get a Stop Out.

The order should be closed by the SL at a certain level and its size should be as big as you are prepared to lose.

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Sergey Gridnev 2021.11.05 08:34 #75

JRandomTrader #:

To all:

A sliding TP is a way of fixing a loss not on the bottom but on a "bounce", except that such a bounce might be further into the loss area than the SL would be.

Not quite so.

There has been a search here for years for signs of the beginning of a trend. But many come to the opinion that once we have identified a trend it is too late to enter it. Nevertheless, it is possible to enter on corrections, but not with the aim of saddling the trend, but only to take profits from the rebound. In such a situation, of course, there is no guarantee that it is a bounce and not a reversal, and perhaps TP trailing makes sense.

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Ihor Herasko 2021.11.05 08:37 #76

Petros Shatakhtsyan #:

And how can SL be moved to breakeven. I don't know.

Wait until the order is in profit more than the Stop Level (or 3 spreads, depends on the trade server settings), and move the Stop Loss to the profit area.

Like this:

Sergey Gridnev 2021.11.05 08:38 #77

Petros Shatakhtsyan #:

And how can SL be moved to breakeven. I do not know.

SL is always worse than the current price, but that does not mean it is worse than the opening price.

You can "lose" not only from zero, but also from the maximum profit during the existence of the trade, or from the profit at the time the decision to set/move the SL was made.

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JRandomTrader 2021.11.05 08:43 #78

Petros Shatakhtsyan #:

And how can SL be moved to breakeven. I don't know.

I just showed a virtual way to let the TP grow, and close it when there are signs of a return, i.e. when the profit starts to decrease.

And we should not move the SL. Then the SL will be triggered often and there will be a lot of drawdowns or we will get a Stop Out.

The order should be closed by the SL at a certain level and its size should be as big as you are ready to lose.

If you cannot move the SL, then there is no sliding SL?

The SL can be moved when the price moves in our direction (while the TP - when the price moves against us, and this is the context of the discussion in this thread), but the algorithm of this movement is no less important than the algorithm for selecting an entry point.

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Petros Shatakhtsyan 2021.11.05 09:06 #79

You will have a losing strategy.

If you start to change the position of the SL, i.e. move it to the plus side, the question arises: how much can you move it higher or lower.

If the SL is close to zero, it will be triggered often, you will get a lot of losses. If we move it so that it does not trigger as often, how much should we move it, so much that it triggers a Stop Out?

The same will happen with the TP.

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JRandomTrader 2021.11.05 09:19 #80

Petros Shatakhtsyan #:

You will have a losing strategy.

If you start to change the position of the SL, i.e. move it to the plus side, the question arises: how much can you move it higher or lower.

If the SL is close to zero, it will be triggered often, you will get a lot of losses. If we move it so that it does not trigger as often, how much should we move it, so much that it triggers a Stop Out?

The same will happen with TP.

That's why I'm talking about the algorithm of this move.

And yes, I have profitable strategies that have been trading on the plus side for several years.

Trailing TP - page 8