Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders cover image

067: Building Winning Algorithmic Trading Systems - Kevin Davey

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

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How to Set a Volatility Based Stop Loss

Stop Losses based on dollar amounts are almost always worse than just going with a set stop loss. Some markets are a little flakier with that kind of thing. And you wouldn't think something like crude oil, well, hey, if you had a $1,000 stop in crude oil back in 2008, you were probably getting stopped out a ton because the market was so volatile. But yeah, I've definitely seen I've had more success with dollar based stops than any other kinds.

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