Trailing stop is a good type of exiting a trade.. It is a very useful strategy to exit the market.. After your profit is achieved, you may want to trail the already made profits, with this strategy, you can increase your target.. I use trailing stop and my target per day is 25 pips, whenever I am in with 30 pips, I lock my already made 25 pips given by the market and if for the day it is exited with 25 pips, I do not mind because my daily target is achieved, and sometimes it rallies to 50 pips, so I lock 35 pips, which is an additional of 10 pips made for the day..