178: Nick Radge – The Blueprint: Create a Simple Trend Following System
Chat With Traders
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How to Update the Trailing Stop-Loss Order Price
We use closing price only to determine the exits so for example we've been using a 20% trailing stop that doesn't mean the price hits that intraday and bang your order gets executed. It has to close below that intrad at the end of the day and then you would execute the exit on the open the next day. Some brokers believe it or not some brokers charge you to use a stop-loss really yep mate I'll tell you I won't say who but there's a couple of brokers in Australia that actually charge you ten bucks to place a stop- Loss. A stop-loss is just an order mate I'm telling you mates.
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