Hello everyone,
I have been searching for a good trailing stop for those times when you want to squeeze every last pips from the market lemon'..
I want to make a trailing stop based on the rate of change indicator:
http://www.forexfactory.com/showthread.php?t=200053
I think this is a good idea- because as the move\trend become weaker, and the rate of change slower- it is probably time to get out.
So I would like the trailing stop to monitor ROC and trail closer and closer [tighter to price] as the rate of change decreases.
I provided the idea, now can anyone lend a technical hand?
I have been searching for a good trailing stop for those times when you want to squeeze every last pips from the market lemon'..
I want to make a trailing stop based on the rate of change indicator:
http://www.forexfactory.com/showthread.php?t=200053
I think this is a good idea- because as the move\trend become weaker, and the rate of change slower- it is probably time to get out.
So I would like the trailing stop to monitor ROC and trail closer and closer [tighter to price] as the rate of change decreases.
I provided the idea, now can anyone lend a technical hand?