Plutonite 的动态追踪止损 (Plutonite's Dynamic Trailing Stops)

Hello everybody,

We all have a dream: to be able to hold the profits we make on a trade, take every run to its finish, and protect ourselves from whips.

Everyone knows that it is easy to enter a trade, but usually very difficult to make a reasonable exit, so to protect their profits, many people use trailing stops (i.e stop losses that move upward with a profitable long, downwards with a short) but are still unhappy due to the simplicity of such methods, which results in most of their profits being lost.

As a possible solution, I have devised this system which I would like to share with you. I will not discuss how to enter the market, only how to exit. There is no T/P, only the S/L value which we will define as:

"The number of pips, below the last candle's closing value, at which we will terminate the trade "

Now we will actually vary the size of this stop loss via a simple calculation made at the close of every following candle once we enter a trade. I will stop here in this post because at this point several options (ATR..etc) are available, all suggestions are welcome. My own calculations are in the following post.