
02-02-2008, 10:56 PM
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Senior Member
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Join Date: Jun 2007
Posts: 3,544
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no no no...carry on...I like it
Quote:
Originally Posted by wolfe
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:
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