I've been using this type of stop procedure when building strategic (longer term trades) for well over a decade -- it's been very robust -- and minimizes premature stop outs.
The procedure is fully disclosed here:
http://www.street-noise.net/think/how-to-validate-meaningful-stop-levels/
The procedure is fully disclosed here:
http://www.street-noise.net/think/how-to-validate-meaningful-stop-levels/
