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A profit of 5% of what? The position? Your capital ? What's your leverage?
Anyway, in order for you not to waste your time at Alternative Asset Management, we have tested a lot of those techniques of trailing stops. The results are usually bad. Whatever on what a trailing stop at 5% profits will undoubtfullyy be far to close and you will neevr be on board for the big moves which should bring you the bulk of your profits.
Good Luck
Jean Jacques Chenier
Alternative Asset Management
www.alterama.com
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