Quote:
Originally Posted by SunRapt
Added trailing stop.
Trailing starts when profit hits "trail_margin" pips - the stop loss is moved to break even.
The stop loss is moved "trail_every" pips closer to the current price each time the current price moves"trail_every" pips further from the opening price.
If the price does not reach "tail_margin" profit pips after breaking out, the stop loss will be whatever the price is for breakout in the opposite direction.
I have to say the results are very disappointing for M30 with trail_margin = 20 and trail_every = 5.
Might have to play around with the parameters to find combinations that work better.
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Hi, thanks for your work on this. Just a few points:
1.) I opened multi lots / trades as this performed better in the long run on backtests. Drawdown was less.
2.) The Money Mangement is VERY important to the success of this.
I do not believe that it is possible to Predict the future prices with any accuracy so therefore the system is more there to make the most of earning from random fluctuations.
I like the idea of a trailing stop. Do you think this is better than a fixed stop?