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Trailing Manual stop strategy

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Trailing Manual stop strategy


I wanted to share how I do my trailing stop that avoid me to exit too quickly a trade and work on every time frame ( I like to use it on a 15 min time frame )
This is very simple but yet efficient

Once in the trade, you can only move your stop to the low -1 tick or the high +1 tick of the previous candle if :

1- Candle is closed
2- Candle is positive ( long trade ) / Negative ( short trade )
3- The candle closed above the high of the previous candle

Here an example below.

Thu, 05/23/2019 - 7:32pm