Tuesday, 29 July 2008
10pips Pro Trailing Stop
Question
Should this EA use a trailing stop or not? In the properites the "Use Trailing Stop" input is default to "false". I thought this EA was supposed to ride the trend.
Answer
The trailing stop is set to FALSE, and there is no need to change anything. Take profit is only 10 pips, so that's why we do not need to use the trailing stop.
Riding the trend in means that the ea will open positions in the direction of the trend but with a fixed TP at 10 pips every time a trade opens. Thus, the trailing stop is not recommended.
Should this EA use a trailing stop or not? In the properites the "Use Trailing Stop" input is default to "false". I thought this EA was supposed to ride the trend.
Answer
The trailing stop is set to FALSE, and there is no need to change anything. Take profit is only 10 pips, so that's why we do not need to use the trailing stop.
Riding the trend in means that the ea will open positions in the direction of the trend but with a fixed TP at 10 pips every time a trade opens. Thus, the trailing stop is not recommended.
Labels: 10pipspro EA, trailing stop
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