Trailing Stop Loss

Unreal · May 21, 2011

Has anyone had any negative effects by using a trailing stop loss? I understand this is used by the majority of professional traders to maximize profits. Also, do most top brokers allow these have them?

Jason101 · May 21, 2011

If your statement is true I would imagine the stops would be manually managed rather than automated to a fixed number/ATR derivative.

the hare · May 21, 2011

If you'd spent 2 minutes testing the answer would be obvious.

brettus · May 21, 2011

Unreal said:
Has anyone had any negative effects by using a trailing stop loss? I understand this is used by the majority of professional traders to maximize profits. Also, do most top brokers allow these have them?

I think they are useful in intraday trading. You should test pivoting in and out of the position as well. If you get stopped out on your trailing stop get back into the position if the market starts heading back in your direction again.

Black Swan · May 22, 2011

Unreal said:
Has anyone had any negative effects by using a trailing stop loss? I understand this is used by the majority of professional traders to maximize profits. Also, do most top brokers allow these have them?

dynamic or fixed?

TheBramble · May 22, 2011

Unreal said:
Has anyone had any negative effects by using a trailing stop loss? I understand this is used by the majority of professional traders to maximize profits. Also, do most top brokers allow these have them?

What technical basis is there for using a trailing stop?

Just to correct your statement regarding pros using them - they don't.

Black Swan · May 22, 2011

TheBramble said:
What technical basis is there for using a trailing stop?

Just to correct your statement regarding pros using them - they don't.

with HFT/algos?

Michael8667 · May 22, 2011

I'd have a wild guess and say that the big $ HFT and algo systems probably have technical exit points not defined by ticks or $ but price levels.

TheBramble · May 22, 2011

Black Swan said:
with HFT/algos?

LOL

Do you understand what HFT is?

Black Swan · May 22, 2011

TheBramble said:
LOL

Do you understand what HFT is?

of course..

Trailing Stop Loss

Unreal

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