Advice on Trailing Stop, when to use and in which case?

 

As the title, anyone has experience please say something.

 
april:
As the title, anyone has experience please say something.

When you are trading and a trade is in profits of more than 50 pips then you can set Trailing stop losses of 20 pips.

This will make sure that you get profits in your trade no matter if the markets will change directions.

 

Always use it - if you are gambling

If you are gambling - use it when you decide (but always remember what happened with SNB and Swiss franc not so long ago)

 
nbtrading:
Always use it - if you are gambling If you are gambling - use it when you decide (but always remember what happened with SNB and Swiss franc not so long ago)

when we see SNB and swiss frank,i love to apply all three security barriers,stop loss,trailing stop and BE,can we apply all 3 at same trade.

and concerning to how much TS,it depend on TF,strategy,your philosophy of trading,how you like it,how much loss and profit you want and afford,so many factors,man to man differ.also how much tolerance in between price and TS you let for price to move,if it is short ,trade will be struck out immidiately but when it is so far from price,it is always possibility,a profit in your pocket,run out.and price always needs breathing for to move ahead either direction,

regards

Reason: