Do you have any indicator which trail take profit not trailing stop loss ?

<p id="isPasted">In my opinion, no.</p><p>Before you put on any trade, you should have a plan for all possible circumstances. The simplest possible plan is to have a a high (profit) level at which to take profits, a low (loss) level at which to get out and an amount of time to stay in the trade without hitting either level. Usually the plan will be more complex and can depend on the speed of movements, volatility, moves in other markets and so on.</p><p>But the point is these are all plans, to be re-evaluated as circumstances change. Maybe the trade has reached your initial profit point but seems to be still attractive.</p><p>A stop loss is different. A stop loss is a decision before the trade about the maximum amount you are willing to lose if you are wrong (of course, you cannot guarantee that you won’t exceed the maximum, but you try). You do not re-evaluate a stop loss, when you hit the stop, you execute. You can even use formal orders for it, unlike for the plans.</p><p>To put it another way, a professional trader with a risk manager will negotiate the stop with the risk manager, and needs the risk manager’s approval to change the stop. But the trader is free to execute the original plan or not, as she sees fit. The point of a stop is to make sure you get out of a trade when you want to because you’ve given up on it, not because you cannot afford further losses.</p><p>So trailing stops and take-profits are part of the plan, not the risk management. And in my opinion, they are rarely good plans. They’re the kinds of things that appeal to gamblers, not traders.</p>