Trailing stop 15 pips or a combination of stop loss 15 pips and take profit 15 pips. Any one ever do calculation on the statistics?
depends on which system ur using.
Agreed.
You can’t make a generalization across the board. Scalps, long-term, intra-day, swing…etc- All these types of trades may need different means for stops; all depends on the trader’s goals and system.
I agree! It really depends on the method you’re using. If it’s a scalp, then you should take quick profits and keep your SL tight. However, if it’s not a scalp trade and you have confidence in the trend, then you can follow it with a trailing stop in order to ride your profits:)
Sounds like the job for a couple of EAs.