Disliked{quote} Not sure how read my suggestion on SL. it is as simple as below. To protect your loss: 1. Set SL as soon as you open a position. 2. Use EA to make sure any position without SL are modified with SL immediately, ( Like Automatic SLTP ) 3. Update SL when there is price move in certain steps like 2 pips. ( Like Trailing Stop ) * If price moves not in your favor, you don't update SL. You loss is limited to initial SL. * if price moves in your favor, you move SL - basically, this is like BE or Trailing - whenever there is certain pip or range...Ignored
I can't imagine trading without automatic SL level placed with the order!
I don't think this is what mntiwana was actually saying?
If you're looking for the Holy Grail indicator - STOP!