Trailing Stops In Forex

[@willemjanse1254]

I cannot thank you enough for what you have done for me......algo is ticking along like clockwork....everything you said came true and works exactly like you said.........Thank you and may you be blessed my friend..!!

[@Viewer13128]

can you give an update on how your algo is coming along or performing?

[@chrisjlee2013]

@@Viewer13128 same

[@666999George]

same pls

[@sour3000]

He's blown his account 😂🤣

[@indianbeast5168]

Guys I need the link of that video please share I'm not able yp find

[@colinpowell2936]

Man I am obsessed with your money management!!!! I just finished forex qa podcast and all the KZbin videos. Nerding on the blog now. It finally clicked! Magic man thank you!!!!!!

[@r6854]

Holy Heck, I can't believe that I got this mostly right! Thank you V.P. I am actually thinking like a real trader now! You have turned my trading completely around. When I started watching your videos my account was in a 12% drawdown and now it is in 4% profit (from initial balance). It took about 5 months, but following your advice I was able to crawl back into the light! My strategy wasn't bad, but my money management was terrible. Now I have a good strategy with proper risk management and concrete rules. I am just so happy to be off the roller coaster, slow and steady is way better Thank You!

[@philiptaylor2567]

Nice work! Keep it going

[@PassportG]

@@philiptaylor2567 Nice work Roy. For me once I moved to the daily timeframe things improved greatly. No more stress on the 15mins chart.

[@vandopha]

Roy Young some day, you shall blow your account and suspect all the theories, lmao

[@jesseliverless9811]

Care to elaborate on your strategy?

[@SIVANRICH]

Im on 60% Roi a month

[@kenisto9746]

Thanks VP. My $0.02. Trailing stops are something that cannot be explained to someone, its almost as if they have to experience it themselves to get what you mean. You need to feel the pain of a tight stop that got you out too early. You need to experience an automated trailing stop that chases price but since price never actually closed at a certain point you got trailed out literally mid candle. Relinquishing control is not an option. This is the only way to do it. A mechanical manual trailing stop that leaves nothing to chance. It can get pretty scary when price goes against you and approaches your TS. Sometimes it hits, sometimes it doesn't. But get out of the way.

[@jamesallen5850]

"Well you're going to be fu*$ing waiting for a while". That really made me laugh.

[@i_am_processing_]

No matter what trading methods I choose, I always end up re-visiting your videos. You explain these things in such a clear and easy to understand manner. I've lost money trading my own way, so now it's time for me to re-visit this and demo the shit outta this until I go live.

[@selasesabah7186]

You have completely changed my horrible trading history to become a profitable trader since I started following your channel in March 2019. This will definitely add to my algo. God richly bless you VP.

[@NoNonsenseForex]

Love it!

[@actaviaslowry5850]

Me at 2am: 😴 Video notification: 📳 Me also at 2am: 🤑

[@domingocarlucci1946]

Hi VP, you will never know how you have changed my trading psychology, indeed since you said that my exit indicator would take me out before the stop loss, I forgot about the trailing stop and started using the stop loss as TS. I am very happy and proud with myself because I have learned so much with your teaching that I have NEVER BEEN listening again or looking at other opinions. Thank you my friend.

[@malificentwing95]

Best way to start my morning. I literally just turned on my computer to this on my youtube.

[@markcarandang2225]

The circumstances in this video wasn't perfect but the way you explained it was perfect. Now I won't lose winning trades ever. Thanks VP!

[@2321brendan]

If there is at minimum one thing that you should take from VPs videos etc . It is his money management . the ATR :1 BE(Break Even) and x1.5:1 SL can change results of average algos that use the standard 2:1 min or 1:1 TP type Money management. All sorts of tricks to try ,like instead of BE you take 0.1% profit ,turning 10 BE trades into +1% instead of 0%. 95% of the trades that hit your small profit BE trade were going to take you out at 0% anyway. A good algo will get you back into the trend.

[@davidcarlson4441]

Once it clicks, it clicks. Zoom out, look at the bigger picture, breathe and dont be afraid to SLOW DOWN. Your system plays the game for you... it doesnt even have to be that good.

[@modvccs]

This right here 💪

[@succarelie]

You know VP, when we dwell into your teachings we kinda anticipate how you think, at least for me, because 90% of the video i already apply it. Thanks alot for changing my state of mind.

[@godswillokafor8030]

Guys if you've gotten to this channel then you've struck gold ! Navigate the channel as explained in the beginners video. Go get it

[@AB-dd4jz]

I'm rewatching this video because I needed to confirm the ATR of my trailing stop and when you're showing us your chart VP I understood the skills you have, when you entered this trade you already had used more than the pullback technique to your advantage, I don't know how you knew it (my hypothesis is that you used your algo on lower timeframe) but you took the trade during the formation of the upward candle and before it closed so you got an even better price. I don't know which method you used but you knew the green candle would close lower than where you took the trade, I often see this happenning in crypto and when I'm done putting together my system this phenomenon will be one of the first I will research because there is an incredible amount of pips to be made during those events. As always I will never be able to repay you for the amount of knowledge you've given me so to make up for that if I'm able one day to become a successfull trader (and I'm working like a mad lad since I found your channel because I fell in love with the job) I will improve this knowledge and will transmit it to the next generation, and of course I'll tell them how the great VP was the first to teach me !

[@KyngMytus]

Words can't explain VP 👑💯...All I can say Is i wish you Eternal Life 🙏🏽💯...People like you are real life super heroes ✊🏾🇯🇲💯

[@lauby182]

Coffee with VP in the morning, now I'm ready to start my day. Go get it!

[@redsky2189]

It's always the small pieces that make the big picture . More wise words, more appreciation. Many thanks for again for shining the light VP.

[@skanskar]

after 6 months and 2 shitty algos, I finally got something thats giving me 60-65% hit rate, Thanks VP

[@mrz007]

Very clear, watching it 2 years+after release, I am applying these very concept right now to find my "entry" point into some crypto I want to buy and "hold" (the proper way), following your other Crypto video that explains"when to buy". I'm slowly but surely going to get it.

[@jeremiahcampbell2]

I'm relieved that the NNFX "trailing stop" is not an actual trailing stop. A little bit more work, but definitely worth it.

[@Plutoguru]

Great video. Simple things are improving my trading a lot. A simple pen & paper note taking is amazing, firstly it creates a routine, second it's all in front of me at all times, and third it's easy to manage trades from the one book. Most of the time simple is the best... Thanks! And also, you were right, ATR is the best indicator hehe.

[@FundurTrading]

Thank you VP! The guidance you gave is amazing! It's like I can see clearly now. The Algorithm is running smooth now for about a week and still everything checks out as you explained. Truly amazing. Keep it up VP you are giving people a great service!

[@amardeepsingh3993]

what recommended exit indicator are you testing with? Wpuld love ot hear it :)

[@jeremikossak9553]

Who would have thought that "manually" maitained trailing stop-loss can give you an advantage? Amazing! My platform allows traillings but I can see now that I can be better off while manually moving them based on candle closing! Thanks, VP.

[@sergimrov9923]

Great! Thank you so much for your awesome stuff, in fact a few days ago I've been testing with an initial TS of 1.5 x the ATR of the further close of the candle, and NEVER MOVING TS to my entry, now I'll test it with the initial 2xATR as you say, because actually I trust you, and always try to take your word. Thanks again VP, really appreciate your effort bud!

[@Gavu133]

Can’t believe VP after 2 years I realised I was using trailing stop loss completely wrong. I was just trusting automatic trailing stop loss which never let my trades to breathe just to find here out we only adjust stop loss manually after the candle closes…. Those damn big candle wicks were the reason all my trades have been stopped All the answers were inside your videos all the time…

[@hinsloh6710]

omg VP! I've been doing entirely the same for TS that you have mentioned in this video! Except for for using the same ATR the day you get it (I kinda used the daily changed ATR for calculating). I've been worried that I might have been doing things that I should not do for the past two months, and now I am at peace. Thank you VP!

[@temjohngranada267]

This is it No Nonsense traders! Let's get this thing rockin'! Thank you so much Mr. VP :D The long wait for this moment has finally arrived

[@BoHorror]

Been WAITING FOR THIS VIDEO FOR AGES, IM SO HAPPY THANKS VP!!!!

[@firewight1944]

Cheers mate. Almost exactly what we predicted on the discord ;) Always dropping value bombs!

[@jessicaalbret9851]

Are you also a trader?

[@jordancarey2075]

I’ve been slacking on taking action this first week of free time I’ve had. This was the video I needed for motivation. I appreciate all the knowledge you’ve dropped here on KZbin for not a dime. I’m a collegiate athlete and suffered from an injury that’s putting me out this upcoming season. I just recently had surgery in May, and for the last two months this summer I’ve listened to all of your content (KZbin and podcast) at work and while doing physical therapy. But never made the time to plan to trade charts and test indicators. I have another week and a half of free time before the school year starts. I plan to take massive action so that I can have a plan ready for this school year, and I’m very confident this channel and your teachings have giving me the tools to do it. For that I just want to thank you ahead of time my man. Much blessings. 🙏🏾

[@NoNonsenseForex]

Heal up, but enjoy the time off learning!

[@tjunior6128]

Very interesting strategy. Nothing at all like my approach to trailing stops but I’ll give a shot in demo. Good luck traders, may the PIPs be with you 🙏🏾

[@zurara_ayoub]

T Junior what is your approach ?

[@anabatta7019]

i like that even when you do such a great video u think "its far from perfect" ! no man it was great, so far my numbers where like in a new trade: 1 , 1.25 ATR (instead of 2, 1.5) worked great so far, very good runs on gold , GBP pairs, TUR pairs, also i love the fact that when you finally close the position winning like 300 pips its in red (hit a stop loss after all) Thank for every thing man.

[@Mikheno]

Yeah...I go "bareback" (as in no protection) for the majority of my trading sessions. From my stock market days the the "Specialist" (that person that took your orders and could see both sides) controlled the market....buys, sells, shorts, longs etc. The second you put a stop in BOOM...you got nailed. It's like they were looking at your account (they were!). I started writing down my stops on pen & paper. I couldn't get out exactly when I wanted but I could ride a position as long as it lasted. Good advice here on how to do a stop with some precision.

[@andrestrat]

Assembling more pieces of the puzzle each day....VP, you are the man! making something rather difficult look dumb easy to everyone: this is what I call talent!

[@Arianator2Mccudian]

Finally caught up with all your videos👌🏼 blessed to have come across your channel. Thank you for all the time you have invested in this channel VP🙌🏼

[@hipplel]

Haha, It took me FOREVER to catch up! A big welcome to the club! :)

[@Arianator2Mccudian]

Hipplel _ Thank you!

[@kennethbryant4100]

Hi VP. I was fortunate enough to view this video and use the trailing top today and I am still earning pips as we speak! Thanks for your wisdom!

[@soyeonjoung7425]

Just wanna say. I’ve been following you for sooo long

[@athienkosimakara5500]

Somehow, I don't know how but this is what I have being doing with my trades, EXACTLY the way you doing it VP. and I have being getting VERY GOOD results. Great minds think alike... Proud to be ur student VP...

[@enockaddey]

Just when I was going to shower. Thanks for your consistency, VP.

[@i_am_processing_]

Binge-ing on VP's YT channel for Christmas instead of fancy schmancy feasting! One way to maintain or lose weight this festive season!

[@zoeykei9983]

Thanks again for this video it helped clear out a lot for me. I like the fact that your TS is moved manually because auto TS have a habit of moving before candles closed which means Banks could move all TS deliberately then simply move a small amount of pips the opposite way! also like this because now your computer doesn't have to be on all the time since TS live on the meta-trader platform and not my broker! love this!! keep it up!!

[@bojx]

Yessir! I have it at 2x ATR currently. Thanks VP! Can't wait for the prop trading video :)

[@wagon287]

"weLL yOuRE goInG tO Be FuCking waIting A whILe" haha comedy gold!!!

[@shckr17]

Brutally honest and blunt. I like to see this in videos.

[@IndyMark007]

Simple and Elegance! These are like "Gibbs" rules for trading, love it. Always the best. Thanks VP!

[@dougcharles6845]

I haven't traded this yet and my trading has already vastly improved. Thank you VP! It's been a binge weekend.

[@nehemaialord2653]

So basically trailing stop is not that important and your exit indicator is what you should focus on

[@bottle1211]

Coming back to watch videos because I'm finally forward testing my algo and I'm winning so I need to see what to do next haha

[@rehanrao5]

I must say that you are well organised and know what you are doing.

[@hayderkhan722]

Fantastic video VP! Many thanks 👍🏻

[@petereastman2663]

I loved your ATR vlog. This is good. It makes sense. Thank you.

[@sharese4460]

Thanks so much. Other than the most important rule, I was doing this! I have learned a great deal from you. Grateful. 🙏🏽

[@cazkeymekam6427]

Thanks again. I really like this. I've been executing my trades on Oanda lately their platform did a great job there. Funny thing I actually used that platform when I first started because MT4 execution is less than desirable for someone figuring out pip values. Theeeeen I used a MA trailing stop on MT4 and it failed three times so no more of that. I used to write code a bit I'm tempted to learn the MT4 language and make my own EA's so many just don't do what they say they're going to or they look like shit and end up being distracting.

[@omkarthite8664]

I have 2 confirmation indicator . Baseline and an exit indicator . But I'm still trying to find a volume indicator. The one I have gives me a conformation a little late . Yet today was a 150 to 200 pip day . Yes in 24 hours . Also my baseline keeps me away from getting into trade a little early but it helps me increase my accuracy so well and good !

[@carcer149]

wow.. thank you, this really cleared my mind !!!!! INCREDIBLE VIDEO!!!

[@BoHorror]

Summary for all the people who have chickenshit for brains like me: Conditions for Setting Trailing Stop: Set Trailing Stop if the Price has closed at or beyond 2 times the Average True Range (ATR) from the entry point. The Trailing Stop should be positioned 1.5 times the ATR behind the Price. Adjust the Trailing Stop only when the Price makes a new low or high in the direction of the trade. When to Update Trailing Stop: Update the Trailing Stop if the Price has closed for a gain exceeding the pips earned when initially placing the Trailing Stop. Entry Rules: Execute 2 trades, each with a risk of 1%. Implement a Stop Loss of 1.5 times the ATR. For one of the trades, set a Take Profit (TP) at 1 times the ATR.

[@rayern1982]

Oh my god, I figured it out pretty close. I am working with my exit indicator and I have included trailing stop in the backtest. I put a 1.5x ATR as a trailing stop after price moved and closed 1.5x ATR of my BE. And I assume trailing stop to take a new high throughout the day for the test. This actually screws the result a little bit for my exit indicator backtest. I think it doesnt really matter for the exit backtest because every test will work on the same rules. Cant wait to test your trailing stop method out during my full algo testing.

[@domingocarlucci1946]

Sorry, forgot, I'M NOT SCARED anymore to take a trade even if have to wait one or two days or entire week. how good I feel now following your golden rules.

[@frztrading]

Awesome, we were waiting for this TS video!

[@guillaumelanglois4511]

Well VP again this time you called it: been following you from the start and at this point, I can anticipate where this is going, like you said we would.

[@heathfrost5708]

Excellent the missing piece well done VP this will be fantastic for trades outside of forex I love equities but I couldn't figure out the ATR until now.

[@philzinvesting]

Thank you. I had guessed most of this from what you have already taught us...although I've been using automated trailing stops. I will switch to manual, as I would have stayed longer in a recent trade had I followed your system.

[@MrStrange1984]

Thanks for this one Patrick! Always looking forward to your videos :)

[@pierrem2983]

One thing that is still obscure to me, how a professionnal trader deals with spreads, should I lower my profit target so that i get filled ? I think this subject would fit well in the money management playlist. respect to our sensei VP:)

[@MuhammadAshraf-dd7tu]

great dear my sweet brother VP you are the mastering in forex GOD bless you

[@darrylthomson5946]

hey VP (and everyone)correct me if I am wrong but be aware that when you click n drag to see pip value, drag vertically as dragging on the slope of the trend you get an incorrect reading, the "hypotenuse".

[@primoamoroso2814]

This is exactly what I have been doing since risk and scaling out video. thank you vp!

[@jesscruz5774]

Thanks VP, another helpful video, ive been waiting for this!

[@mervscott6503]

Thanks again VP for another intuitive lesson !! Top man !! Can't wait for the Metals

[@Polaris94952]

Thanks VP! I came close when thinking about how you would apply your TSL. Thanks for the Vid!

[@rkatz0]

One of the most nononsense videos you have made. Excellent job. Except you said less than perfect a few too many times. You could have said you already set the trailing stop and this is how it's done and then would it have been perfect?! (hahaha) Thanks.

[@sergimrov9923]

BTW, very funny the "First to watch" game, as well as the "please VP can you post a video of..." LOL it reminds me of my school days!

[@warren1871]

Thank you VP for getting this TS video out, thanks again Sir! 👍🏻👍🏻👍🏻

[@afshinfaizi7024]

This was badly needed... Thank you VP...

[@JustoShowCartoons]

Ha ha man! If this would've came out a couple days earlier, I still would've been in a really nice trade (CAD CHF DEMO ACCOUNT) I was playing around with TS and it was a bit too tight. No biggie though Im excited, just started forward testing my algo. Good stuff VP!

[@Chris-sl6zj]

Thank you, VP!!! As always, the video was amazing. You are truly the quintessential Forex Educator/Trader on the planet! I know you don't answer questions any longer, but I am curious and only you can answer this question. When FIFO goes into effect on 8/16, how are you planning to enter trades, since 2 trades can no longer be placed on the same currency pair? Maybe you can throw that in one of your future podcasts/videos. God bless!

[@Ijaf98]

Trailing Stop was fashionably late to the algo party 🎉

[@NoNonsenseForex]

Walked in like a boss.

[@ryanthomas2887]

How did he come back in WTexasOil demo account plus $3300 trading .01 lots. Or .02 closing half already... was curious what size lots are traded on avg at prop firm for general prop trader or account size...maybe future video. Thanks VP

[@lohjunhong5549]

Bro let me just tell u smth u will be remembered and i am going to tell ppl like hey u know this guy? I followed him way way before he got here and look at him now! BOOM👊🏼

[@freeacademy701]

Thanks A lot, in MT4 TS is dynamic, in your video you make it fixed and change it at the end of the day according to price movement, do u make this because you do not want to keep your trading terminal or PC open all the time because TS is not working when MT4 terminal is closed? Also do you recalculate TS as 1.5 ATR every day and change accordingly?

[@franciscojrlarita441]

Thats right sir VP, ATR can help trailing stop or where you put your stop loss....

[@poloparachutes9983]

Hey VP, just to make sure I understand the two in simple terms. Stop loss is the price you set if the price goes the opposite way of your trade (trade management) And a trailing stop is a stop that moves with your price at a fixed range of 1.5ATR only once price has moved 2x worth of the initial ATR(TP) ? I guess to sum it up, is a trailing stop a less “manual” way of controlling risk on a trade compared to just monitoring and manually moving your stop loss manually as the trade runs in your favor? (after price hits 2x of ATR of course)

[@zachlerdahl8115]

Looking forward to start trading with this structure you provide. Next step, indicator hunting

[@Saumangrati]

Hello … comparatively new to this channel and quite enjoying the content… thanks for the value you provide…. I just had a question… so do you adjust the TSL according to the current ATR or its always 1.5 times the initial ATR when we entered ?

[@uchihakid951]

Thank you so much VP and thank god I met you.

[@davidclark6955]

Interesting....we both came up with the exact same trailing stop method....great minds think alike....LOL

[@diamondken5602]

VP Thanks for unravelling the mystery behind this MYSTERY VIDEO. Once again I am ENLIGHTENED

[@cpbpapin8458]

Hi VP Good video I was waiting. Stop loss is the thing that make me uncomfortable but necessarily some times I use it Trailing Stop is good I think for special pairs. Thanks for your help VP. Xxxx

[@philiptaylor2567]

I have been so indoctrinated by you VP, that this is almost the exact process I’ve been using to place my trailing stops. With two exceptions. One being that I have been using the current ATR for that day when I adjust the stop loss. My thinking there is that using current ATR best represents how far price may move. And the other being that once my first half trade closes for a win, I simply adjust the second trade to 1.5xATR, regardless of where price is relative to my break even. I had a strong feeling this was the strategy. It’s been working very well for me.

[@bottle1211]

VP when you're saying you're checking in once a day to do your trades or maintenance on your trades. What forex trading window are you starting on? ie First thing in the morning 8 am for NY Forex window? Or when the day ends? I'm gonna watch all the videos, so if its there, I'll get to it eventually. I just haven't seen this bit information yet. Or if anyone wants to chime in.

[@jackgambino2687]

great vid. thanks for articulating it in a way that made sense

[@lucapuzzoli8363]

Thanks VP . Have a great weekend

[@MasculintyOp]

You're the best, master VP. 💯

[@mashroorsiddique724]

Another masterpiece from the Master trader!!!

[@narcissemikosa6805]

Is there a way you can us the ATR to adjust your indicators for diferent currency? Diferent currencys perform or move diferently and the only best indicator in the world that can do the job of telling how each moves is the ATR. Can it be used to adjust indicators for diferent currency pairs?

[@amirlabay4971]

Question: Instead of two positions, isn't it better to set "limit order" be it reverse trade but half of the initial entry on your TP?

[@johnathangreay987]

Even my two nephews love VP. "He's like a gate keeper out of the matrix." Their quote not mind.

[@realwillbaker]

So do you go break even once price is up 100pips or 50pips?

[@gkpython]

well, VP dont really like us to rest even after your algo is coded into EA and working well.. always have to push us to update/upgrade our algo! hehe