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United-Display-386 OP t1_j6bftak wrote

Reply to comment by ScutumSobiescianum in How many % do you often set for cut loss? by United-Display-386

Involved to trading for last 2 years. Failed miserably because of emotional side do I decided to build an algorithm which can help people to avoid the same mistake ( I hope so😄)

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ScutumSobiescianum t1_j6bnp4z wrote

Drop the algorithms and go with actual state of play, in otherwords follow the trend. Trend is broken, you sell. Otherwise you keep moving your stop loss up to run with the momentum. Been trading for years and our records are for all to see, as long as you are disciplined and follow a strategy most trades are going to be winning ones.

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