Archive for August 10th, 2009

Here’s an example of TrackStopShort (sorry for the slow download of the image), my trend tracking code applied to today’s GBPUSD. I entered the trade quite early and closed half of it to lock in some profit. Then I started TrackStopShort and left it to follow the trend as I was talking to a customer for a few hours. When I looked back I saw this. Now it’s time to leave the office, but I’ll let the script run and see how much it made tomorrow.

Update: TrackStopShort exited the trade at 21:06 with a EUR 410 profit, just before the trend bottommed out at 1.6430. If you have bought Magic Lines, you can get the TrackStoploss scripts for free. Just e-mail…

FAQ: “Why can’t I just use a trailing stoploss?”
Answer: You can, but you are likely to be taken out by any retracement or when choosing a large distance stoploss order, by trend reversal…you lose EUR 50-100 at least.