Results 1 to 8 of 8
 0 Attachment(s)    

Thread: Trailing stop system

  1. #1
    Banned
    Join Date
    Aug 2014
    Posts
    924

    Default Trailing stop system

    Trailing stop implies a number of points which will be used by your broker for shifting your stop order alongside with the market trend.

    For instance, if you have placed an order by N number of points:

    To make maximum profit from employing trailing stop, you should observe the following rules:

    The second rule is of primary importance. Yet a trader is recommended to apply both of them.

    Unlike stop loss, trailing stop implies an open position and is executed in the Client Terminal, not on the server. Consequently, if a trader switches his/her computer off, trailing stop ceases to function. When the terminal is switched off, there is only a stop signal, set by the trailing stop order, possible to go off.

    Trailing stop order is widely used on retail Forex and other exchanging and over-the-counter markets.

    1.MetaTrader will not produce any actions until the position gains N points of profit. Then MetaTrader will set a stop order at the distance equal to N number of points from the current price.

    2.When MetaTrader receives a quotation at which the distance between the current price and the placed stop order exceeds N amount of points, it directs a command to alter the stop order for a distance of N points from the present price. Thus, your stop order approaches the current price by N points.

    1.Stop order is a maximum amount of money you are ready to lose for one go of your strategy.

    2.You can place a stop order only to the point where the trend takes a direction unprofitable to you.

  2. #2
    Banned
    Join Date
    Dec 2013
    Posts
    286

    Default

    I ever used trailing stop for trading,and sometimes, i also use it. But it has advantages and disadvantages. We must understand about it as well as possible. Try to use demo account first if we want to get maximal profit in forex.
    We also must understand market characteristic to get the right moment for trading.

  3. #3
    Banned
    Join Date
    Jul 2015
    Posts
    114

    Default

    Risks in forex trading is difficult untu we guess that we need to be able to have good risk management, one is to use trailing stop in this forex trading. With a trailing stop then we will be able to pofit although only $ 1 when prices suddenly turned. Trailing stop useful to saving our profit if suddenly there risk of forex

  4. #4

    Default

    Trailing Stop is very useful instrument for every trader. I also used to use this instrument in my trading before. Now I trade with this adviser, so I don't use it. Maybe later, if my adviser stops bring me profit.))

  5. #5
    Banned
    Join Date
    Jul 2015
    Posts
    114

    Default

    Quote Originally Posted by Amur View Post
    Trailing Stop is very useful instrument for every trader. I also used to use this instrument in my trading before. Now I trade with this adviser, so I don't use it. Maybe later, if my adviser stops bring me profit.))
    It's useful and yet important tool for trader (especially for newbies) to anticipate a sudden turn of prices...

  6. #6
    Junior Member
    Join Date
    Nov 2015
    Posts
    1

    Default

    hello.....Trailing Stop is very useful instrument for every trader. I also used to use this instrument in my trading before

  7. #7
    Senior Member fxtester's Avatar
    Join Date
    Nov 2008
    Posts
    3,165

    Default

    A good trailing stop code to compare the different kind of trailing stop :

    https://www.mql5.com/en/code/14119

  8. #8
    Banned
    Join Date
    Nov 2015
    Posts
    13

    Default

    It’s an advance process, and I know most of the Forex traders use stop loss trading tool for protecting their trading balance. But on high voltage news events like FOMC or NFP I like to use trailing stop trading tool. Actually, I know how to use mt4 trading platform professionally that I learned through video tutorials of TradingBanks broker. There I found specific discussion on this trailing stop topic.

Similar Threads

  1. Trailing stop and Trailing profit
    By Luudt in forum MQL programming
    Replies: 0
    Last Post: 02-15-2016, 21:00
  2. ADX EA with trailing stop
    By TMC in forum Ideas for expert advisors
    Replies: 0
    Last Post: 01-11-2012, 23:29
  3. Best Trailing Stop ???
    By JXBlack in forum MQL programming
    Replies: 1
    Last Post: 08-09-2010, 15:48
  4. Please Add Trailing Stop
    By micutzu in forum Ideas for expert advisors
    Replies: 2
    Last Post: 08-01-2010, 13:35
  5. Waddah Attar Win EA - with Trailing Stop & Stop Loss
    By dlhc in forum Scripts and other tools
    Replies: 0
    Last Post: 03-09-2010, 12:33

Tags for this Thread

broker, forex, markets, metatrader, money, profit, profitable, server, signal, stop, strategy, system, trader, trailing, trend

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •