Trailing Stop

You do not want price to hit your stop loss or trailing stop.

The stop loss and trailing stop is for emergencies only.

You want the Exit Indicator to do most or all of the work.

To enter a trailing stop. The price must close at or over 2X the ATR from the entry point. The Trailing stop level is 1.5 ATR behind the price.

Use the ATR level that you used to enter the trade to calculate your trailing stop amount.

After the price has taken the first Take Profit and price has moved 2X the ATR of the initial entry price a trailing stop of 1.5 ATR will be set as a trailing stop but it will be moved manually each day.

You will manually move it each day as you maintain your trades when price has moved and closed in your favor for profit otherwise you will leave it as is and not touch it.

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