Trailing Stop With Fractal and Bar High-Low
There is a change from a trailing stop method that I use this time(Charlotte). Previously I used the Keltner Channel, so this time I use 2 Fractal and the latest 2 Bar as stop losses. But I still use Keltner Channel as a guide to do the trailing, only the position of stop losses are no longer on the Keltner Channel itself.
In order to obtain the position of stop losses I compare the highest / lowest price of the last two fractal. I compare this price again with the last 2 bars. I use the last 2 Bar considering the highest / lowest price could be in one of this Bar. Trailing stop itself is activated when the price penetrates the Upper / Lower channel of Keltner Channel indicator.
The principle I want to reduce the risk in trading. While difficult to make a profit, then we better think about how to reduce losses. And trailing stop this is one way to reduce the risk of each transaction.
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