Trailing stop loss
recommendations of market products and off site products are not allowed on this forum. But you should search codebase. There are many there. I use only trail stops from there. Many styles. Most of time, the best trail stop will depend on your trading strategy. My fav is Ronz. But there are others too.
A trailing stop of at least 800 points or more in my personal opinion
60-100 points trailing stop on a forex pair like EURUSD might have the same value as, for example, 600-1000 points in gold
In gold the contact size is 100 ounces, and on forex pairs the contract size is typically 100,000 units (so 60 points in gold has a much lower value attached to it because of the extreme difference in the contract size)
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Hello,
Anyone tell me that, which trailing stop loss is best for Gold scalping in 5m, because when i set fixed trailing stop loss its hits and Trend wave goes up or down, so i eagerly want to know about any dynamic trailing stop loss, which will handle my Trade manager as long as trade?