View Single Post
Old 22-04-2005, 16:56   #178
yasirdxb
level 3
 
yasirdxb's Avatar
 
Join Date: Dec 2004
Posts: 847
Downloads: 1
Uploads: 0
Rep Power: 0yasirdxb is an unknown quantity at this point
Re: Yet another newbie system!

Quote:
Originally Posted by firedave
How about combine TP Trailing Stop Loss ? Like when profit hit +50 pips we move SL to entry point when profit hit +75 pips we move SL to +25 pips when profit hit +100 we move SL to +50 etc. etc. With this maybe we could increase the TP to 150 200 or even 250 pips. Just my two cents

I would say Do not place a limit order. basically this system is a trend following

system.you never know how far the market will go.so its always better to follow

the market.try firedave's recommendations. I'm sure you'll have better results.

Good Luck

Yasir.
__________________
**Men who can both be right sit tight are uncommon !! **
yasirdxb is offline   Reply With Quote