Use trailing stops forex trading journal download


Trailing StopStop Loss is intended for reducing of losses where the symbol price moves in an unprofitable direction. If the position becomes profitable, Stop Loss can be manually shifted to a break-even level. To automate this process, Trailing Stop was created. This tool is especially useful when price changes strongly in the same direction or when it is impossible to watch the market continuously for some reason.Trailing Syops is always attached to an open position and works in client terminal, not at the server like Stop Loss, for example.

Mournal one has to select the desirable value of distance between the Stop Loss level and the current price in the list opened. One of the recurring issues I see with new traders is their difficulty with exiting open journa. This is unfortunate as knowing when to exit a trade is vital for any trading plan, and is often dowlnoad separates new traders from professionals in the Forex trading world.

When I tell them that I manually trail my stops, it is usually followed by several seconds of silence. He is the co-author of Computer Analysis of the Futures Market (McGraw-Hill, 1991).




Use trailing stops forex trading journal download

Use trailing stops forex trading journal download