Too ideal setup. Won't likely to work during increased volatility. Btw, what's the timeframe?Hello traders. What is your opinion of this way to trail your stop? Does it look logical?
View attachment 20389
Why? Normal stop losses will do this.Trailing stops are helpful to avoid huge losses on your trades.
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 backtest on Trading ViewOne of the best tools around, and massively under used!