Thread: Trailing stops
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Old 09-11-2004, 11:38   #6
autofx
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nzbryant,

What timeframe do you trade in?

Have you tried experimenting with the Parabolic SAR parameters?

Have a look at the trailing stops here.

The first chart, showing the short trade that took 200+ pips of
profit, is a good example of my own trailing stop scheme in the
hourly timeframe. It is not based on the Parabolic SAR, but rather
on specific pip intervals that decrease/tighten as the action
moves more and more in favor of a trade.

Notice that the first few stops are quite far from the action, and
then they tighten as time goes on and as the action moves more
in favor of the trade. One of the things that activates a new
trailing stop is an hourly close that is more in favor of the trade
than any seen since the trade was opened.

It requires great patience to adjust trailing stops manually and
see results, but I think it's worth it.
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