Thread: Trailing Stop or Take Profit?

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 ;

I'm curious about something. Does anybody use the trailing stop as a means to take profit? Or do you use it in conjunction with a Take Profit? When you operate with the market, which egy should you go with?

thanks.

Originally Posted by ;

I'm facing a issue with metatrader trailing stop. When I put trailing stop it auto fix at 30 trailing stop. It cant be delete of switch to other price. Do anyone have any idea about that? I'm using it demo account. Attempt to delete and change but it back to 30 trailing stop. Pls information, thank you. PS: sorry vder utilize your thread to ask another question.

Hello Jacgyc,

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.

Reactivate a nearly 10 year old thread

Originally Posted by ;

reactivate a nearly 10 year-old ribbon

I wondered why vyder has avatar of a classic movie game

He probably has familiy and occupation now. .