The successful traders with whose work I have some familiarity, myself, all use a fixed stop loss, never trailing. Some use a take profit target; others don’t.
Trailing stops and targets are not “alternatives”. They’re two different questions.
In my opinion it’s sensible to let the price movements, specifically the swings high and low by the prices, determine both the positioning of the initial stop loss and its adjustments, if any, during the trade.
I haven’t heard of professional or profitable traders positioning a stop loss in accordance with a pre-set number of pips, and I can’t envisage this being beneficial.
Good luck with your testing and trading, @shanmugapradeep ! 