Using Trailing Stops to Protect Profits.

[dmambi]

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.

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.

[raka999]

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.

[twinkling star]

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?

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.

[aryan]

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.

[lode]

trailing stop never protect the profit trailing stop is big mistake in forex all trader know that this is volatile market and trailing stop does not work good only in long trend do you take a risk of your profit while you waiting trend to keep moving on.

i do not agree with you i think that trailing stop is more profit able when trader make a deal without stop loss will lose money but when trade make a deal with no take profit by trailing stop will get profit

[kampung]

i hate with trailing stop because i think it is useless for newbie and newbie can not use it because its use is not easy and it required experience that is why i think we should use stop loss and it is best .

If you have profit in your trading then you are entitled to not use a trailing stop in trade and I think this will help you have a good trade and can immediately enjoy the profits you've got for a trailing stop on the use to trade with good analytical

[khair]

using trailing stop is best technique to protect our account from loss. it prevent us from loss. if we set trailing stop we can assure our account and sometimes it will gives us more profit then we accept.

[siddesh]

Using trailing stop is a good tool but I never use it because I do short term trading and I usually close my trades for very small profits. Trailing stop is the basic need of those traders who want to wait for more profit once they go in profit and they don't want to close their trades so they put trailing stop so that their trade close on profit in case the price reverse.

[twinkling star]

hi
I wanna ask you as if it is neccessory to set the stop loss with trailling stop or not, or if we set it then what should be the value of stop loss is it would be the value that we set it with trailling stop? or we may set another value, plzzz reply me as I am so much confused about it.

[krishan]

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.