- MQL5 Wizard: Development of trading robots for MetaTrader 5
- Creating a ready-made Expert Advisor - MQL4/MQL5 Wizard
- Basic Principles - Trading Operations
Do you prefer a fixed Take Profit or trailing stop?
I prefer a dynamic exit which more or less trails on the client-side. For example, an EMA(13) does fairly well─waiting for price to cross it.
How do you avoid getting stopped out by normal Gold volatility?
If you're worried about getting stopped out right away, use a dynamic exit with more leeway. For example, a Supertrend or a Chandelier.
Have you found a trailing method that works consistently during strong trends?
These are all different forms of the same question to some extent. A strong trend is basically a windfall. In that case, any of the above dynamic exits will continuing chasing price.
I prefer a dynamic exit which more or less trails on the client-side. For example, an EMA(13) does fairly well─waiting for price to cross it.
If you're worried about getting stopped out right away, use a dynamic exit with more leeway. For example, a Supertrend or a Chandelier.
These are all different forms of the same question to some extent. A strong trend is basically a windfall. In that case, any of the above dynamic exits will continuing chasing price.
Methods I'd rank
- 🥇 Swing High/Low + ATR filter
- 🥈 Chandelier Exit (3×ATR)
- 🥉 ATR trailing stop (2.5×ATR)
- EMA 20/34 trailing
- Fixed-point trailing stop
Methods I'd rank
- 🥇 Swing High/Low + ATR filter
- 🥈 Chandelier Exit (3×ATR)
- 🥉 ATR trailing stop (2.5×ATR)
- EMA 20/34 trailing
- Fixed-point trailing stop
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