May 27, 2019 at 10:45 pm
Every 15 minutes, I run the last 10 days of minute candles through the routine that determines how to trail for a number of different values for the parameters that determine how to manage the trailing stop loss orders.
The optimum values are written to the database and are used by the same routine that runs live.
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Umesh Baviskar says:January 1, 2020 at 12:12 am
Hey hey hi my friend reyner,
I want to share something here, i strongly follow your Technics and it improves my trading, thanks for your guidance n share your thoughts to us, while taking trade sell on high n buy at lows according to Trend i set my stoploss 5-10 points below/above on previous highs /lows and after the trend give me 15-20 points on my way i set it to cost to cost and accordingly trailing my stoploss!!!!
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Faebe says:March 21, 2021 at 5:44 pm
Thanks a lot for this extensive info. For short term trades [day trading on 5 min chart] I usually try to stick to the 21EMA as support [long position] and use a 2ATR for trailing the stop. I have some issues regaring the change in volatility during the price evolution. Would you recommend to let the trailing stop distance fixed [initial 2ATR] or adjust it according to the change in ATR during a trade?
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