ok, tks for yr advice Spidey, i will keep that in mind next time my trade goes in profit.
mruds
Quote:
Originally Posted by spidey
mruds,
The beauty of this system is that you can trade the daily timeframe, and only have to look at your chart once a day. You will set up your automatic stop loss when you enter, then just check each day at candle close and exit half your position if the trade is in profit, and move your SL to BE. If you're not in profit yet, just hold on until the next day. Then check each subsequent day at candle close and exit the second half of your trade if either the AO or PSAR turns the opposite colour/direction.
This way you can sleep easy without having to worry about moving or trailing any stops.
spidey
|
