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Originally Posted by q_jak
So I think It might be better to take profit by trailing (closelly) SL than by "wishfuly set" TP.
But after taking such profit, EA should be cautious with opening next trade. There should be somekind of very shortterm indicator of direction and dynamics of movement to confirm existing signal. Especially when original signal is quite old.
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The problem with Trailing Stop - in choppy markets a small trailing stop can be easily hit. Big TS is as good as SL.
My ideal EA would be able to differentiate between flat, choppy, ranging and trending markets !!!
>>EA should be cautious with opening next trade<< easily said but not so easy to implement, may be Damiani can help?