Request - 2 Tiered stop loss
Posted: Wed Jul 29, 2015 1:23 pm
Hi Rade
I have often had strategies that sometimes reach my max profit (not that often lol) but when they do I find that max profit/loss and / or trailing loss is not very effective.
Im not sure exactly how to explain it but if my max profit was £10 and max loss £5 and I get to £9 with trailing loss, subsequently a few loses drops me down to £4 and stops. But I really wanted £10. Next is I reach £10 and trailing will be +£5 I would be happy to continue now that I have reached £5 Knowing that £5 would be my worse case result at end of session.
Could there be a 2 staged approach to this so step 1 could be select required 'acceptable' profit, with some loss also. Once 'acceptable' profit reached set new upper limit and keep going with a new trailing loss. This might maximise profit when on a long winning run?
Not sure if its possible but hope you get the idea.
Regards
KongUK
I have often had strategies that sometimes reach my max profit (not that often lol) but when they do I find that max profit/loss and / or trailing loss is not very effective.
Im not sure exactly how to explain it but if my max profit was £10 and max loss £5 and I get to £9 with trailing loss, subsequently a few loses drops me down to £4 and stops. But I really wanted £10. Next is I reach £10 and trailing will be +£5 I would be happy to continue now that I have reached £5 Knowing that £5 would be my worse case result at end of session.
Could there be a 2 staged approach to this so step 1 could be select required 'acceptable' profit, with some loss also. Once 'acceptable' profit reached set new upper limit and keep going with a new trailing loss. This might maximise profit when on a long winning run?
Not sure if its possible but hope you get the idea.
Regards
KongUK
