This method of stop trailing.

Bordux

Recruit
Messages
45
Hello traders. What is your opinion of this way to trail your stop? Does it look logical?

trailing-stop-loss.png
 
It's easy enough for you to check. Open a daily chart, turn off autoscroll, go back a few months, and start a backtest.
 
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.
 
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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