Trailing TP - page 2

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fxsaber #:

The practice is not to trailing TP, but to close ONLY on TP. Consequently, TP is also used to close unprofitable positions.

I do not understand.
How can a losing position be closed on TP if we have not touched it after setting it?
[Deleted]  
Well, my understanding is that if the position has gone into significant negative territory, then its take may also be in the negative zone.
 
Sergey Gridnev #:
I don't get it.
How can a losing position close on TP if we haven't touched it after setting it up?

It is modifiable. A primitive TP trawl is too strong a limitation on the capabilities of the TS.

BUY_TP > Bid
SELL_TP < Ask

These two conditions for TP correctness have nothing to do with the opening price of a position.

[Deleted]  
fxsaber #:

Modifiable. A primitive TP trawl is too much of a limitation on TC's capabilities.

I agree, and the trawl is a simple way of doing things without much logic to feel the topic.

 
Aleksei Stepanenko #:
So I guess if we got a significant loss in position, its take may also be in minus zone.
Well, this is a bit different than what I outlined in the thread.
I'm still interested in primitive trailing. Roughly speaking: we open with TP and SL (or even without SL) and when the price moves against the opening we pull up TP.
[Deleted]  
Yes, yes, I get it. It's an interesting topic.
 
Aleksei Stepanenko #:
Yes, yes I get it. It's an interesting topic.

Two obvious rules:

  1. Trawl SL for breakout TCs.
  2. Trawl TP for return TCs.
These are probably the basics of the initial TC classification.
 
fxsaber #:
Trawl TP for returnable TS.


Now that's interesting.
And given that currency movements are of a recursive nature....
 

I tried several variants of sliding TP about 6-7 years ago, including limited position builds instead of SL. I don't know about FOREX, but I didn't like it on FORTS and gave up.

Now I have almost all trading robots without TP at all, only with dynamic and often non-linear SL.

I've been working in the Forex market for a long time now, and I've got a good feeling about it. But there are still a lot of untried ideas.

[Deleted]  
fxsaber #:

Two obvious rules:

  1. Trawl SL for breakout TCs.
  2. Trawl TP for return TCs.
This is probably the basics of the original TS classification.

Yes I agree, I wish we could reconcile the market with this classification :)

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