Stop Loss and Trailing Stop

Always place a stop loss on your trade because you can’t tell what war may happen in the market that may want to take all your funds. There maybe a devastating news released after you place a trade. This is the greatest safety valve in Forex trading and it is a good money management opportunity Forex trading gives any trader but many traders don't use this hence the great loss stories we hear daily in the market. How do we place a Stop loss on Kemi_Glow system? On Buy trading: when taking a buy trade place your stop loss 10 Pips below the Signal candle. You may choose to take more but this is appropriate. See an example below: The low of the signal candle was 1.0186 so our Stop Loss will be 1.0176 as the black line indicated. In Sell trading: place your stop loss 10 pips above the signal candle. See the image below. In the image below the high of the signal candlestick was 1.0253 thus our stop loss was placed at 1.0263 as shown on the black line below. What about Trailing Stop Order? Yes in most case the trend may favor your position it is advisable that you move your stop loss to breakeven point when you are on 20 pips. And as the trade progresses you could continue shifting your stop loss along the trend with any amount of trailing stop you like by this you may succeed in milking the trend for maximum pips but no matter what you intended to do about trailing always close any trade when you see an opposite signal.