Hello,
I had been wondering what is the most frequently used trailing stop,
there are two kind like I know:
1). Transferring the SL (variable pips) everytime the price going to favorable manner where SL=Bid-TrailingStop*Stage (for Buy order)
two). Transferring the SL (as much as TrailingStop pips) everytime the price go to favorable direction up to TrailingStop pips in the last SL modifiion.
The 1st one may give more profits because it track the price every pips, but it might cause large traffic to the host.
The 2nd one does not cause much traffic(if TrailingStop is large enough), but it might not give much profit locked.
So I was curious that one are widely used?
Also which one utilized by MT4 built-in Trailing Stop? (I never use the built in TS since I am on a slow dialup and the price could be jumped far so I can not watch it moves each pips ^_^)
Thanx in advance for the clarifiion