Apr 6 (edited) • 💬 General discussion
New Trailing option being tested
I'm currently testing a new trailing option. The previous candle's wick.
It's well suited to Gold M1 specifically. The previous candle's wick represents a genuine price rejection point, making it a more meaningful SL location than an arbitrary R-distance.
The practical advantages over R-based trailing:
- Adapts to volatility automatically. On a volatile candle the wick trail gives more room, on a quiet candle it tightens naturally
- Structurally meaningful. SL sits behind a real price rejection rather than a fixed distance
- Can trail much tighter on strong moves. If candles are small with small wicks, the trail tightens faster than 0.2R would
All other components can still work with it. So for example you use Immediate Trailing Stop loss to lessen risk, it hands off to breakeven Stop loss (using your defined inputs), and then let the wick trailing take over as it moves further into profit.
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New Trailing option being tested
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