I am evaluating a 'set and forget' alerts service. The returns are impressive (+2,000 pips per annum).
When I drill down I find the profitablility is very sensitive to the performance of the trailing stop: my profitability is mediocre compared with the system because the system uses 1 increment trailing stops.
What I mean by this is if I set the stop at 40 pips then, when the entry order is triggered, and the position moves in my favor, the stop tracks the price movement point for point. The brokers I am familiar with only track price in 10 point or greater increments.
The best I can find, for entry orders, is 10 pips (FXCM and FXSol), 15 pips FXDD and no trailing stops with Oanda.
Has anyone come across a broker who offers 1 increment stops?
Regards
Morty
When I drill down I find the profitablility is very sensitive to the performance of the trailing stop: my profitability is mediocre compared with the system because the system uses 1 increment trailing stops.
What I mean by this is if I set the stop at 40 pips then, when the entry order is triggered, and the position moves in my favor, the stop tracks the price movement point for point. The brokers I am familiar with only track price in 10 point or greater increments.
The best I can find, for entry orders, is 10 pips (FXCM and FXSol), 15 pips FXDD and no trailing stops with Oanda.
Has anyone come across a broker who offers 1 increment stops?
Regards
Morty