How to Know When to Take Profits in Forex (Beginner-Friendly Guide)

[pink_hat_trader]

@samewise

flamingoproxy, when he says “avoid automation”, is a trailing stop considered automation?

According to what he said here, I’d say “yes”(?) -

Is it good to use a trailing stop?

i know you weren’t asking me, so please excuse me for interfering! for what it’s worth, if anything, i offer my own answer to that question i have four reasons (listed below very much in order of importance!) why it isn’t ok for me to use a trailing stop every single time i’ve ever tested it, over the decades (and i’ve really done a lot of backtesting and forward-testing of trailing stops, because superficially they seem so attractive!), i’ve found that everything i’ve ever done has perfor…

Nobody should be using trailing stops, anyway. Those are for the benefit of counterparty scammers and Youtube marketers!