Originally Posted by el cid

iGor

I suggest you use a optimised stop loss not to be hit frequently and a take profit taget which is not exected unless triggered by a proportional trailing stop loss

The proprtional trailing stop loss works on the following basis

And the new trailing stop loss is a proptional trailing stop.The trailing gap decreases as a trade gets nearer to the take profit target.
Example ...take profit is 50 on a trade.........as price gets nearer to profit target ,the trailing level decreases....eg start 50 ..........at 25 pip away from take profit ...the trailing level reduces by 25% to 37 ,at 10 pip away trailing level reduces to 50% 25

Regards

El cid