you might set a stop just outside the daily price range of the currency pair you are trading. You can read more about the dangers here. MaxOrdersCount 1 ; - The number of simultaneously opened orders. Auto_Lot True ; - Enable automatic lot reinvestment. A BUY or a sell trade opens after a signal is generated.
If your trading style is more of a swing trading style, you might set your stop loss further into loss territory - perhaps two to three times greater than the average daily trading range. Average:.2 based on 7 reviews. First_Bar 0 ; - The first bar for the calculation of the trend. MomentumPeriod 4 ; - Period of the Momentum indicator. Stoploss 350 ; - Stop loss of the trade. That being said, always take caution when trading on margin. Trailing Stops, this strategy addresses the trading maxim, 'Let your profits run, and cut your losses short.' One way of achieving thisor at the least a good way of making this more achievable os the trailing stop. .
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