Wednesday, May 14, 2008

$482 Reason of trailing stop

GBPJPY
UK Time 8:30 6 hour bar, +-3, stp=(hh-ll)/2+2 if stp<20 then stp=20 lmt = stp*2, trail 60 !

In back test, higher return always come without trailing stop. so yesterday I did not use any trailing stop, so unlucky all trade fail, then I have a draw down almost 50%, trail stop is to limited risk, preserve capital is always the more important than to make profit.


USDCHF
UK Time 8:30 1hour bar, +-4, stp 30 lmt 90, trail 30 until BE

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