1. I don't like stops but this forex mkt is 24/7 from Sun to Fri and I just can't stay awake that long. 2. I never liked trailing stops because if the mkt moves a little in your favor then pulls back to BE all it has done is tighten your stop. And the reason I put the stop in in the first place was to give myself some wiggle room in case I am not 100% accurate on my entry. So what I came up with was, using a hard stop and then converting it to a trailing stop. For example, If my hard stop is 80 pips, and the market moves 80 pips in my favor, I trail at 120 pips. So I have cut my max loss down by 50% but my stop is now actually wider than it was originally.