T2W Bot

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In this article we take a more detailed look at more advanced money and trade management strategies.
IntroductionThe term “Trade Management” refers to methods and manipulations which can be followed before and after a trade has been made to ensure a protection from undesirable movements of the tradable and at the same time to guarantee that if the position finally proved to be right, the profit will compensate the risk taken. There are two concepts of trade management mentioned in the literature: the use of trailing stop and the reward-to-risk ratio (also known as Profit/Loss ratio) .
In respect to the trailing stop, in the case of a long position, the trader sets an initial stop loss level which is raised as long as the price of the tradable rises. In other words, the price “trails” the stop loss level upward. Similarly, in the case of a short position, an initial stop loss level declines as long as the price of the tradable declines. That is, the price “trails” the stop...

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