I'm curious about something. Does anyone use the trailing stop as a means to take profit? Or can you use it in conjunction with a Profit? When you run with the market, which egy should one go with?
thanks.
I'm curious about something. Does anyone use the trailing stop as a means to take profit? Or can you use it in conjunction with a Profit? When you run with the market, which egy should one go with?
thanks.
If you're planning on using a trailing stop make certain its at least 10 pips out. It will get picked off. If you become aware of the market swings to get these stops and then proceeds in the direction of this fashion.
I do not use a trailing stop less than 40 pips. I had better usage OCO Limit and Stop order (you call Limit take profit)
I am facing a problem with metatrader monitoring stop.
When I put monitoring stop it auto fix at 30 monitoring stop. It cant be erased of change to other value. Do anybody have any idea on this? I am using it demo account. Try change and to delete but return to 30 monitoring stop.
Pls information, thank you.
PS: Curious vder utilize your thread to ask a different question.
Personally, I use a trailing stop, a take profit along with a stop loss. I cover my foundation. I look to lock in profits and ride the tendency for large profits. As I go move my stop loss. My opinion of course.
Originally Posted by ;
Hello Jacgyc,Originally Posted by ;
First step, right-click on your trade position, and place trailing stop to 'None'
Subsequently right-click on your SL level, Cancel the Stop Loss. Your SL will be cleared, click OK.
You will set your new Stop Loss and set your new trailing stop size.
There is no difference way for demonion or actual account.
I'd say it's possibly:
-place SL to breakeven TP
or
-monitoring stop only
I prefer the first one.
I use both, first thing would be to lock your trade when it's in profit. Do not let market take back a winning trade from you. Another fantastic thing would be to shut some position of your trade, this will guarantee some profit in your account even when market reverses to hit your BE.
I wondered why vyder has avatar of a classic movie gameOriginally Posted by ;
He probably has familiy and occupation now. .