Thats a bit of a rigid statement. The fact is, trailing stops do work. It just depends on what you expect from them, and how you set them.
Other than that, he's right. The Forex markets are often too volitile to use a preset trailing stop successfully. Either they have to be set so loose that they give back too much, or they get hit too easily.
Still the method does work, just look at the Demark Lines EA. All it uses for profit taking is a trailing stop.
Regardless, what I had in mind was a bit different. I was thinking more of manualy managing trades that lasted to long. Simply from looking at the results the past three weeks its evident that the system misses lots of good opportunities when its holding an open trade. I would rather keep the robot working, making trades, than sitting holding a position. All it should take is checking open positions once or twice a day, and setting manual stops and targets on any trade that lasts too long, so the robot can get back to trading. |