What I say is that I know the exact number of winning outcomes of 100 trades. This number is exact. But I do not project this number to a particularily taken trade trying to predict its outcome. So, I do not need those "might be"s and "may be"s
All I know is that where I've met my TP, I have the option from the TP to maximise profit, from a zero loss successful position. So that means, I'm now no worse off than having hit the target - and no chance of falling below the TP.
By using trailing stops I would give the market an opportunity to give me more profit - whilst keeping my very safe TP position. Others are free to do as they wish. I'm not here to modify anybody's trading plan. If anyone out there sees the sense in this then fine. If not that's also fine. https://goo.gl/JRU2B6
If price wants to in excess of the target, I'll take what the market has. The worst that can happen is that it falls back to the TP level - and that's as good. Trailing a stop beyond the is logically consistent with everybody's system of trading (even if they don't believe it).
you start trailing stop with moving stops to tp level. What I was asking you is the trigger that signals you to move you stops. Usually, it is distance. E,g; If price goes 10 pips beyond tp level, then I move stops to tp level. If it goes 11 pips beyond tp, then I move stops to tp+1pip level. and so on.
How do you know it will go 10 pips beyond tp? What if it goes only 7 and then comes back? How do you know price goes only up in green candles from the screen shot? It can go 10 pips up and 10 pips down several times and then close above the open price, so the candle will be drawn green.
One should have a set of sound rules to use trailing stops. Without these rules it will be imposible to test the idea. I am asking you for rules/ That's it.
I made the screenshot show exactly what it shows i.e. that in this particular trade:
1. Approx 55% more could have been made.
2. That there is no disadvantage to taking the trailing stop from the TP.
I made no assumption that you do not know what a trailing stop is.
I'm not interested in your particular method of deciding what you do. As I said quite clearly I have no intention to change anybody's preferred method of trading.
If anybody was interested in finding a way to trail stops at or close to the TP, then there is evidence not just from this one trade, that it can be a useful thing to do.
I agree entirely that one should have a sound set of rules. Who invents the rules? The person who invents them is the person who may wish to consider if or whether they can introduce a trailing stop technique to maximise profits. I did not say I have set of rules for this. But at least if one looks at the evidence and evaluates, one may be able to create a set of rules and backtest them.
I'm sure your own set of rules came from careful observation and testing. One can decide to stay with one set of rules forever, never evaluating any other evidence to modify them. That's entirely fine - and that's another reason I put up the screenshots, so that I am very clear that I have no intention to impose an new set of rules on anyone.
That's the great thing about trading - everybody is their own boss. They can choose to do whatever they like - innit?
To tell the truth, I do not have a desire to spend my time on testing this. I know that price slows down after surpassing tp level, that's why I set the tp at the place it is. If only I had some good probability of price to go higher, I would definitely found a way to catch that additional profit.
The second reason is that I do not want to sit in front of my computer stalking priceaction. Tp just closes my position regardles of my presence or absense))