Using Trailing Stops to Protect Profits.

[zoomfire]

yes assi, i use trailing stops only when the market is a bit quieter and there is no sudden spikes which can close your trade and continue in the direct the trade was intended to continue, missing profits you could have earned.

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.

[kanwaljit]

yea i am using it and i like it because you know that in insta there is requotes problem and some time i need to close my position so frequently that insta gives me requotes so i use trailing stop for closing the position.

yes assi, i use trailing stops only when the market is a bit quieter and there is no sudden spikes which can close your trade and continue in the direct the trade was intended to continue, missing profits you could have earned.

[s19]

trailing stop is a very good options in forex..we can not find this kind of options in other trading business.
with the help of we can lock our profit and after setting trailing stop there is no need to take more tension about trade.
i use trailing stop but in only one condition. if my profit is more than 200pips then i set trailing stop of 50pips.

[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?