Trade Protector

The main idea of this strategy is to set trailing stop in % of maximum profit

$150.00

The main idea of this strategy is to set trailing stop in % of maximum profit

Product Description

The main idea of this strategy is to set trailing stop in % of maximum profit

For example:
You set trailing stop of 20 pips. Your position reaches 20 pips profit.
At this point you don’t want to use 20 pips trailing stop, you want to use e.g. 38% trailing stop of maximum profit.
So in this case you will get at least ~12 pips profit. Another good example is when you get a big profit,
let it be 100 pips, and suddenly the price changes direction and gets correction of 10%.
In case you had 10 pips trailing stop, your position will be closed, but this is just 10% correction.
With this strategy, if prices continue to move in your direction, your stop price will always stay at specific
percent from maximum profit and you won’t lose a good trend on small corrections.