Support Board
Date/Time: Mon, 03 Feb 2025 09:52:45 +0000
Post From: stoporder
| [2019-11-04 14:31:15] |
| User244709 - Posts: 3 |
|
Hello, I want to use a trailing stop like Michael Voigt. He is the author of the book "Das große Buch der Markttechnik". He uses an inside bar trailing stop, which i will explain below. Important note: it uses the close of each candle. example: long @ 1point above yesterday's high stop is 1 point below yesterday's low. if close today is > high yesterday then stop is 1 point below low of today (this stop goes into effect tomorrow because it has to wait the close of today's candle) if the close of the following day falls in the HILO range of previous bar, then we need to put back the stop 1 candle. (one bar to the left) |