Using Trailing Stops to Protect Profits.

for newbies i think it still more simple to use the stoploss and takeprofit rather than trailingstop, although in trailingstop there's a feature to lock profit and save it from volatile movement of the price. But it required more skills to master it.

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Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

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yeah no doubt it is a very good tool , but I think it is only good for the people those do their trading in long run they could determine the trend well, then they may open their position in long run, in beggining stage we could not do this.

I prefer to do a manual trailing stop. TS in brokerage platforms are too wide. 15-20 pips from the open. if using a trailing stop manually, we can taste our setting. for example, was + 20, then we slide the stop loss at +3. I think it's more flexible.

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Originally Posted by liam3

i am still confuse of the usefulness of trailing stop. If i use trailing stop what will happen? if i buy at s 50 and set stoplose at 25 ,
apply trailling stop at 25 and matket moves to 75 this means my trailingstop and stoplose will move to 50 also? that is the thing i want to know about trailingstop.

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Yes you are correct , Trailing stop automatically keep on moving your stop loss to a value which is less than the current price by the value you set in Trailing stop. This way no need to move the stop loss manually forward to lock the profit. but it works only when your computer is ON and the terminal is running.

Quote:

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Originally Posted by MTEBESSI

Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?

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yar es k barey main main ne bhi sona ha par mugh ko es ka use bilkul bhi nahi aata ha plz app koi or information do es k mutaliq main kafi intrested houn app ka bahot bahot he shukriya ho ga thank you

aap mere ko ye bata dete ki trailing stop hota kya hai aur main uska use kaise kar sakta hoon kyu ki iske bare mein mere ko kuch nahi pata hai main iske bare mein janna chahta hoon main kafi post dekhi hai jismein likha hai ki trailing stop bahut achcha hota hai

the trailling stop is not good script for our deal because we can close the deal manually better than we make the profit and we dont get it i dont use the trailling stop at all and i dont think that the expert trader use it

No I don't used trailing stop to protect profits because I have not tried using it before in all my trades. I just set my target profit and if the market hit it then that's it I am done for the day.

I have to know about trailing stop a few days ago and I will use this option in my trades. I think trailing stop is a very good option to protect your profit. It is minimize your profit but protect you form loss.

yes,trailing stop should be used only in trending markets where the price movements are going in a same direction and not in market where it is ranging because the value of the trailing stop can get triggered easily.and it is never recommended for scalpers to use trailing stop.