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Hello Sharad,
I'm a swing trader and ordinary trailing stops don't work very well with my strategies and markets I trade. Break-even stop is psychologicaly very good thing. At the same time when you protect your risk capital, trade becomes a free lunch.
Smrcek
--- In amibroker@xxxxxxxxxxxxxxx, Sharad Kapadia <bizcon.kapadia@xxx> wrote:
>
> Hi,
>
> It is good that we have an opportunity to see the price moving up by 5%. But
> for a day trader, that is good reward. Therefore, it is not prudent to have
> the stop loss at buy price+brokerage+tax etc. if the price retreats. There
> should be a Trailing Stop Loss of approx. 2% which will automatically ring
> the bell to sell off with retreating price. If the price advances further,
> then we are still in the trade and the trailing stop loss will move up. e.g.
> if it goes to 9% plus, then the trailing stop loss should be @ 7%. Thus
> whatever happens, we make some money, protecting the capital at all times. I
> think that is your main contention in this coding.
> Best wishes.
>
> Sharad Kapadia
>
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