This method of stop trailing.

fxoday

Recruit
Messages
540
The stops are there to help avoid huge losses on your trades.
Yes absolutely, stop loss still becomes one useful feature in forex trading, without stop loss once face mistake trading, the huge loss may occur, with trailing stop at least trader not required to modify stop loss manually.
 

Gazel

Recruit
Messages
8
Every trading idea should be tested. There can be lots of different opinions. Try to implement it on your demo account and backtest it in order to get answer for your question.
 
Messages
239
Yes absolutely, stop loss still becomes one useful feature in forex trading, without stop loss once face mistake trading, the huge loss may occur, with trailing stop at least trader not required to modify stop loss manually.

Very true and also if you don't use it there is no way to test a strategy that has a variable that large. One week your loss could be 50 the next 100 and so on. impossible to duplicate a proper trading strategy without one imo
 
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