Stops
Guys, I have backtested extensively and I have never found anything that produces better profits over the test using trailing stops.
I'd be certain that Hans system will work best pretty much how it is. You will on occasion throw away large profits but you will avoid the whip. For example a 30 pip trailing stop to me on GBP is a joke.
Unfortunately if you want to trade mechanically this is the sort of action you have to accept on occaison. On another day it might have pulled back 70 pips then zoomed up 150 from the pullback.
My view is that you should have tight stops on entries (15 pips max), on pullbacks and get to BE pretty quickly then run with it looking for the days trend.
I could be wrong.
JonnyT
Guys, I have backtested extensively and I have never found anything that produces better profits over the test using trailing stops.
I'd be certain that Hans system will work best pretty much how it is. You will on occasion throw away large profits but you will avoid the whip. For example a 30 pip trailing stop to me on GBP is a joke.
Unfortunately if you want to trade mechanically this is the sort of action you have to accept on occaison. On another day it might have pulled back 70 pips then zoomed up 150 from the pullback.
My view is that you should have tight stops on entries (15 pips max), on pullbacks and get to BE pretty quickly then run with it looking for the days trend.
I could be wrong.
JonnyT