Using Trailing Stops to Protect Profits.

Trailing stop loss is used when a trader does not want to exit his winning position and also want to continue the trade as he thinks that the rally will continue to he can use trailing stop loss to lock his profits and continue the trade at the same time.

I feel so sad when my trade is showing good profit and then suddenly market truns and my trade goes in loss, in such situation setting a trailing stop loss would be wise decision as once we are in good profit at least major portion of it we can protect using this.

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Originally Posted by mayengbam

yes trailing stop is a good way to maximise the profit. i use it quite often. i am not able to be in front of the trading platform all the time so i set a trail stop to my winning positions before leaving the platform and many times it gave me handsome profits

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yeah, trailling stop is very usefull to protect and keep safe our profit.
i am also often use this tool, usually i use it when i trade in the news, because the movement is very fast and when i get profit in my position, i use TL so i will not fear if the market will turn back.

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Originally Posted by mayengbam

yes trailing stop is a good way to maximise the profit. i use it quite often. i am not able to be in front of the trading platform all the time so i set a trail stop to my winning positions before leaving the platform and many times it gave me handsome profits

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its a good way for getting maximum profit.
if we set only stop loss then there is only one chance of loss there is no chance that we got profit if our trade one move in profit.
beside in trailing stop if one our trade move in profit then its sure that we got only profit there is less chance of loss.
i am also using trailing stop..in case scalping i use a EA that set automatic trailing stop.

No, i didn't use trailing stop in my positive floating trades. You can feel the difference, if you know or predict the exit point then exit from that. If you set trailing stop then it surely decrease 10pips from your profit. Try many times and post the results here.

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Originally Posted by SG Trader

yeah, trailling stop is very usefull to protect and keep safe our profit.
i am also often use this tool, usually i use it when i trade in the news, because the movement is very fast and when i get profit in my position, i use TL so i will not fear if the market will turn back.

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I prefer to put take profit and stop loss because after I opened the account position, usually I leave the computer for other activities

so that I use a trailing stop then it will not work, because my computer turn off..

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Originally Posted by cumil

I prefer to put take profit and stop loss because after I opened the account position, usually I leave the computer for other activities

so that I use a trailing stop then it will not work, because my computer turn off..

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This is only the disadvantage of Trailing stop , i wish it could have worked for me when my computer is OFF. But still it will be useful when we are working on other applications with computer ON it will take care of our profit.

wese main es k barey main itna nahi sona or ager ye stop loss se related ha to phr waqai karaamad cheez ho gi kioun k stop loss waqai ap ko margin call or high loss se bacha sakta ha to ye bhi app ko aese he loss se bachata ho ga may be ager koi or information ho to zaror share karna plz

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Originally Posted by cumil

I prefer to put take profit and stop loss because after I opened the account position, usually I leave the computer for other activities

so that I use a trailing stop then it will not work, because my computer turn off..

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For your kind information trail stop works even your computer is turn off because the order is set in the instaforex server not in your computer. thats why trail stop will help in maximizing the profit if there is a breakout

Trailing stop loss is used when a trader does not want to exit his winning position and also want to continue the trade as he thinks that the rally will continue to he can use trailing stop loss to lock his profits and continue the trade at the same time.