Trailing stop for Neptune robots

daleywill

When a trade first opens the Neptune robots cast a wide net for the stop loss and take profit. Once the closing conditions are met the net closes. However, once the net is closed the stop loss doesn't change again which means that except in the unlikely event that the trade closes on take profit any gains after that net closes are lost. Once the net closes a trailing stop should kick in to capture these extra gains.

Mike

Hi, Will, The Neptune trading system already uses the following trailing stops.

Average True Range Trailing Stop
Average True Range Trailing Take Profit

Are you asking for a standard trailing stop to be added with a pip step as described below?

https://clickalgo.com/trailing-stop-step-definition

daleywill

Hi,

Thats the one. I find that tradestends to give us a fair bit of the profit just before it closes due to the stop loss only changing every few hours or so.

will

daleywill

Just wanted to share this with you

I hope this image loads.

It demonstrates an instance I think that trailing stops instead of ATR stop losses would help enormously. This trade went all the way up to £6 but as the stop loss only gets updated on the hour (For an H1 time frame) it lost almost all of this profit and fell back down to £1.67

Hope this is of interest

Will

Mike

We are removing the ATR trailing stops and adding the standard ClickAlgo trailing stop in version 2.5.0