This method of stop trailing.

[fxoday]

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]

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.

 

[ForexWarrior2020]

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

 

[MagicBoll]

Every trading idea needs to be checked on historical data. So, you'd better backtest it first, then try it on demo to make sure whether it still works on the current market conditions. You'd better not make any conclusions before analysing the facts.

 

[sebking1986]

Us telling you won't help you to have confidence in it. Backtest it as a strategy and see for yourself and you will see if it works or not and if so it will give you confidence to implement it.