Forex Strategies: How To Use Trailing Stops ? – Published in forex trading strategies

Trailing Stops in Forex: How To Use Trailing Stops. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! How to Effectively Use a Trailing Stop in Forex Trading. How do we trail a stop loss in our direction to protect any gains we have made? How do we lock trades? Here are some ideas of how to use a trailing stop in forex trading. If we tighten things too much we’re going to get stopped out on the first bit of noise, if you have it too wide you’re going to sacrifice too much profits. The first thing we can do is to have a fixed tick value; i.e. as soon as a market moves 50 pips in our favour we run a 50 pip trailing stop. You can also use a hyprid; like for the first part of the trade which is the most risky part you can use say, a 50 pip trailing stop. When you have 200 pips in unrealised profits you could increase the trailing stop to say 100 pips

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Comment (9)

  1. Very useful ideas for trailing stop. Personally I use parabolic SAR as well and I would like to hear your opinion about it.

  2. hello my friend, firstly good video mate. I've recently gone onto a live account from a demo , I seem to be doing very good but becomes very frustrating when you get the long wicks from panic selling or buying not forgetting the algorithmic trading to stop you out. so I've opened my stop loss more or sometimes don't place a stop loss until a few candles have developed. what do you think or any suggestions!!!!

  3. Almost everyday… I see this guy giving knowledge (not information! Knowledge!) about the market, usually things that took me months to understand. Simply Outstanding job!

  4. Excellent videos. Thank you so much! What i like to do is, i wait for that big first bearish daily-candle and place my stop below the low of the candle. If the price keeps moving upwards i move my stop below the low of every candle.