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How to handle Hans123 indicator
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Old 10-26-2006, 09:41 PM
Foxford Foxford is offline
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Default How to handle Hans123 indicator

Thanks for making this as an indicator. Looks really nice.
In general, with breakout systems, you must devise trailing stops around your entries in order to retain profits. Very important !
Start with a break-even stop after for example 15 or 20 pips. Leave it at that and wait and see what the day brings. So you close out at the end of the day.
Alternatively, trail your stop further with further progress into your direction.
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