How to use trailing stop?
- Thread starter Asahi
- Start date
moonchild
VIP Contributor
Using trailing stops is kind of easy, all you have to do is when your trade moves in your way for a significant number of pips just keep adjusting your stops, in that direction so for example you're in profits for 30/pips instead of just exiting the market, you move your stop loss in profit for 25 pips giving 5 pips leeway for market movement.
If it moves again you adjust your SL till you exhaust the whole move and then position for the next move whether downward or upward depending on the trajectory of the market, I hope this helps.
If it moves again you adjust your SL till you exhaust the whole move and then position for the next move whether downward or upward depending on the trajectory of the market, I hope this helps.
