Hello ALL, I was wondering if anybody knows the way to calculate trailing stops, one will exit out not in the middle of trend but at least on it's 80-85% trend run? I don't know maybe on base of longest candle or move to bigger time frame? Any ideas, How do you calculate your trailing stops? Thank you in advance.
a multiple of average true range below yesterday's close that doesn't come into affect until the price has moved up X atr's