Thursday, April 26, 2012

The importance of the trailing stop

On the last trade, I moved the SL at +2 (from -10), as soon as I felt a little double top could happen there. I could lose the probable move up this way or I could save my skin..

42 comments:

  1. Hi,great blog,do you trade for living?

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  2. Anonymous21:51

    Yes he does, but im wondering if Mr Forexbird will post again some time soon. ;)

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  3. Anonymous16:15

    This is not the place for spammers and leechers. Just go away from here.

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  4. Anonymous22:54

    Hey Mr Bird, it would be great to know how you are doing :)

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  5. Thank you for the amazing tutorial, but I wonder If a Forex Robot could really help in Forex Trading ?

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  6. I read this Article. this is so nice article. i realy enjoy this article. i like this article.

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    Thank you

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  8. Why others calling him Mr. bird? Btw thanks for the tutorial.

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  9. please provide latest news and updates

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  10. Thank you , great post !

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  14. I think that the profitability of a Forex robot doesn't depend only on the Forex robot itself, but also on the trader himself, he needs to have some trading experience to be able to use the robot in the proper way ...

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  15. This comment has been removed by the author.

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  16. This blog is timeless. Most 'Trader' ignore the effort needed to be profitable in the trading world. They just need some junk system they'll follow blindly.
    Forexbird did a GREAT job. His evolution confirm my thought that there is no automated system that work in the market, to be profitable you have to develop a feel for the price action! And this takes years of practice. Thank Mr Bird

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  19. Zomi16:37

    I think not just trailing stop, but stop loss and take profit have equal share of importance, if we wish to achieve positive results then we got to use all these tools correctly. I never have issues using this because I trust my broker so much and that’s OctaFX. It’s often that people are scared to use SL or TS because of manipulation that brokers do, but with OctaFX, I never have to worry about anything and that makes me do everything nicely with absolutely easy and comfort.

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