This method of stop trailing.

Pharaoh

Colonel
Messages
19,831
It's easy enough for you to check. Open a daily chart, turn off autoscroll, go back a few months, and start a backtest.
 

Muzshura

Recruit
Messages
1
I lack a broader timeline to assess the situation in detail.
In fact, I agree with my colleague above that in order to check everything you will need to study the situation on the chart and assess the levels - it always helps to determine what will happen to the price of the asset in the future.
 

simmonjoshua

Banned
Messages
6
I find trailing stop very useful as it combines elements of both risk management and trade management. It helps in protecting your profit as it helps to lock in profits on trades while also capping the amount of loss if the trade doesn't work out.
 
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