Hi,
I am interested in knowing how many pips do fellow traders set your Trail Stop and the hour of timeframe you look at it?
Let just start by the following order:
1H
4H
Daily
Weekly
For me this is how much I would set.
1H - 50-80pips
4H - 80-200pips
Daily -200pips and more
Weekly -at least 600pips or more
I intended this to be a sharing session to improve the setting of TS for every forumner or forex wannable. So please contribute if you have a TS strategy in your systems.
The aim of doing this sharing is of course to find out the optimal amount of pips to set for trailing stop.
These are the currency pair that I am talking about:
EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD,CHF, NZD/USD
Looking forward to everyone contribution.
I am interested in knowing how many pips do fellow traders set your Trail Stop and the hour of timeframe you look at it?
Let just start by the following order:
1H
4H
Daily
Weekly
For me this is how much I would set.
1H - 50-80pips
4H - 80-200pips
Daily -200pips and more
Weekly -at least 600pips or more
I intended this to be a sharing session to improve the setting of TS for every forumner or forex wannable. So please contribute if you have a TS strategy in your systems.
The aim of doing this sharing is of course to find out the optimal amount of pips to set for trailing stop.
These are the currency pair that I am talking about:
EUR/USD, USD/JPY, AUD/USD, GBP/USD, USD,CHF, NZD/USD
Looking forward to everyone contribution.