Who is using Trailing Steps?

[mjkidd27]

Playing with the trailing start & trailing step and wondering who are using these and what settings you are finding to work best. When trading manually, I like to move my SL to profitability as soon as I see price take a stair step away and show me a higher-low in an up trend or a lower-high in a down trend. The technique preserves winners once price has moved away in our favor to at least the breakeven point and then trails price movement as it shows it has the intent to continue the trend.

Is anyone using the GFX trailing start and step in a similar way but automated? I understand the bot won't be able to see price movement in stair steps however, has anyone seen a step of xx pips/points that is working well for them?

 

[Vinitrader]

Hi there! I did sometime... The problem I found was that if you leave the robot alone some time (like 1 week or so) and you don't check trend changes, your account develops a huge floating money. Choose pairs that trend consistently (USDJPY, AUDCHF have worked for me)

https://galileofx.community.forum/threads/profitable-settings-and-backtesting.134/post-2731

https://galileofx.community.forum/threads/profitable-settings-and-backtesting.134/post-2925

 

[mjkidd27]

Hi there! I did sometime... The problem I found was that if you leave the robot alone some time (like 1 week or so) and you don't check trend changes, your account develops a huge floating money. Choose pairs that trend consistently (USDJPY, AUDCHF have worked for me)

https://galileofx.community.forum/threads/profitable-settings-and-backtesting.134/post-2731

https://galileofx.community.forum/threads/profitable-settings-and-backtesting.134/post-2925

Thank you @Vinitrader I'm currently backtesting this technique to see if I can find a clear benefit to using it.

 

[Vinz]

Thank you @Vinitrader I'm currently backtesting this technique to see if I can find a clear benefit to using it.

how is your testing sir

 

[Vinz]

we are about to release our version 2 and that is reaaly good

 

[terrabola]

we are about to release our version 2 and that is reaaly good

Am I correct in understanding Pro users will receive version 2 at no cost?

 

[mjkidd27]

how is your testing sir

Testing is going very well! My demo account has grown over 81% in 30 days! Looking forward to Version 2. Do we have a list of the major changes?

 

[Brando]

we are about to release our version 2 and that is reaaly good

Hopefully this V2 will help a lot in our trading,so far my pro v1 did not work well with me as of now

 

[Vinz]

Hopefully this V2 will help a lot in our trading,so far my pro v1 did not work well with me as of nowIVE

 

[Vinz]

I have been doing a lot of testing now and I really like it.

 

[mjkidd27]

I have been doing a lot of testing now and I really like it.

@Vinz when is the planned release for V2?

 

[Vinz]

@Vinz when is the planned release for V2?

2 nd quarter maybe , just finalizing everything

 

[shadow792]

I've started messing with them in AUDUSD. Trailing Start 260 Trailing step 10. It's been securing profit but I feel I might need to refine it a bit more