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Thread: Best Trailing Stop ???

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    Default Best Trailing Stop ???

    Has anyone ever seen a statistical study on the best range of trailing stops?
    Stops very near the current price are certainly not practical and distant trailing stops would seem prety much useless.
    It looks like an optimum range of trailing stops would be a perfect mind game for a mathematician and if anyone has found a URL that discusses this, I would appreciate hearing about it.

    Thnkas

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    Administrator funyoo's Avatar
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    Quote Originally Posted by JXBlack View Post
    Has anyone ever seen a statistical study on the best range of trailing stops?
    Stops very near the current price are certainly not practical and distant trailing stops would seem prety much useless.
    It looks like an optimum range of trailing stops would be a perfect mind game for a mathematician and if anyone has found a URL that discusses this, I would appreciate hearing about it.

    Thnkas
    Hi JXBlack,

    It depends on the strategy (scalping = tight trailing stop, swing trading = wide trailing stop). I have introduced a new trailingstop in my template :

    int trailingstopmode=0; // 0 new sl=ask+/-trailingstart, 1 new sl=sl+/-trailingstop or order open price/-trailingstop if sl=0

    The first mode modifies the stop loss as long as the price is over sl +/-trailingstart.

    The second mode will modify the stop loss if the price is over sl +/-trailingstart and steps by steps. Price is trailingstart pips over stop loss, we put stop loss trailingstart pips over his current value, etc...

    The second mode seems to be better. It is easier to optimize these values as it requires less memory charges.

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scalping, stop, strategy, study, trading, trailing, trailingstart, trailingstop

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