Quote:
Originally Posted by ElectricSavant
I do not mean to be a downer here...I have toi first find something that goes positive to EVEN consider a TS..
I like the indicator dependent entry idea better..
ES
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This does use an indicator dependent entry, only uses TS as an exit AFTER you have achieved a certain profit level.
It's more of a "profit protection" method than a TS. It is using your profit levels, takes into account every new high, and protects a set percentage of your profits. Hopefully allowing them to increase, rather than just settling for a small TP level. That was the idea anyway.
Would you rather use an indicator for exit as well as entry? Or, just stick with a set TP level?
Here is another example of this feature: