Thread: Moving stops to BE

If you move your stops to BE too fast, you are trading to NOT LOSE, rather than trading to win.

Just thought I would pass that on.

Very well said, I have never found a system which will give better results when some sort of sl to be added into the principles.

Yes must give the trade some room before moving cease to b/e. B/e in place once the trade has moved further towards my goal, the principal point is to let it run to maximize profit with no risk.

Once price moves away from my entrance I take a percentage that will pay for my stop that's positioned behind the last support level, once price produces a new higher/lower level in my direction the rest is attracted to entrance and the rest of the average is not permitted to go negative.

If that is trading to not shed it is okay by me, the risk is actually the only thing I could control.

I only thought about getting rid out of my own trading of the b/e stop. I am noticing I to be removed with noise. I am finding that It's More profitable to let transactions hit my TP

Originally Posted by ;

Once price moves away from my entry I take a portion that will pay for my stop that's positioned behind the last support level, once price produces a new higher/lower level in my way the rest is brought to entry and the remaining average isn't allowed to go negative.

If that's trading to not shed it's okay by mepersonally, the risk is really the one thing I could control.

What you are basically doing is trading two methods concurrently - one that is your original and one (with exactly the identical size) that utilizes 1:1 rr (corrected to hh/ll you mentioned) with all the sl and open that are exactly the same with your original trades. It's quite simple to see whether that helps or not, simply simulate/do a manual backtest for only this 1:1 rr platform and you'll see what it will do to your total outcomes.

(this doesn't cover plogical Facets of course)

Originally Posted by ;

Very well said, also I have never found a system that will give far better results when some sort of sl to be is added to the rules.

In my view, the only effect of moving SL to BE is at the plogical sense it provides the trader a secure feeling. It's some sort of pressure relief valve, which also makes it fatal for (especially) beginning traders - since as people wish to attain this state of security quickly they move the stop too early, permitting the short-term price fluctuations to take them out within an otherwise profitable commerce.

Of course there's no logical logic supporting it, as to markets as well as one's system, the BE level isn't different from any other price level.

You gotwhen using b/e ta use common sense. If price has pierced several important s/r's on its way for your tp, and it is just hovering near it, you might want to put your b/e cease on. Because chances are if price flipped on you breaking all of those s/r again, then it might be a change coming.

Originally Posted by ;

When price moves away from my entrance I take a percentage that will pay for my stop that is positioned behind the last support amount, once price produces a new higher/lower degree in my direction the rest is brought to entrance and the rest of the average is not allowed to go negative.

If that is trading to not lose it is okay by me, the risk is actually the one thing I could control.

Hello Auxesis!

You are completely right, I think this is definitely one of the best way to change SL to BE Assuming you took profit but left the remainder with the first SL (to give it some space )...

However, do you target profits like goal 1, goal 2target 3 too?
I feel that every time I am positioned right goal 2 ought to be add on and never profit taking...

Originally Posted by ;

What you are basically doing is trading 2 systems simultaneously - one that is your first and one (with exactly the same size) that uses 1:1 rr (adjusted to hh/ll you mentioned) with the sl and open that are exactly the same with your original trades. It's quite easy to see if that helps or not, just simulate/do a guide backtest for just that 1:1 rr platform and you'll see what it will do to your entire outcomes.

(this doesn't cover plogical facets of course)

If your trading a pair r:r entry/target setup, assuming your edge is profitable, its statistically advantageous to allow your whole position run to the planned goal, imho nonetheless somewhere in the mix there's a place where you have to guard yourself.

The plogical aspect is correct, once the place is covered, the majority is concentrated, but a tiny part is left to run or trailed, as I can not call the end.