E.G. Trailing Stop
$219 Lifetime Plan
The E.G. Trailing Stop is an indicator developed for the NinjaTrader 8 platform that draws the trailing path for you. It considers the asset’s volatility; based on the Average True Range (ATR), it estimates the next price level for you to optimize your profit targets. This visual representation helps traders dynamically adjust their stop-loss levels, ensuring they stay protected while maximizing potential profits.
Advantages:
- Dynamic Risk Management: The “Trailing Stop” product allows traders to dynamically adjust their stop-loss levels based on market volatility, ensuring they are always protected from significant losses.
- Maximized Profits: By automatically adjusting the stop-loss level, traders can maximize their potential profits while minimizing the risk of being stopped out of a trade prematurely.
- Visual Representation: The trailing stop-loss path provides a clear visual representation of the trade’s risk-reward profile, enabling traders to make more informed decisions.
- Time-Saving: The automated nature of the “Trailing Stop” product saves traders time and effort, allowing them to focus on other aspects of their trading strategy.
- Objective Decision-Making: By using the ATR indicator to determine the stop-loss level, traders can make more objective decisions, reducing the impact of emotions on their trading.
Overall, the “Trailing Stop” product offers a unique combination of risk management, profit maximization, and visual representation, making it an attractive solution for day traders seeking to improve their trading performance.
Trading platforms: NinjaTrader 8.
Instruments: All the instruments.
The video below demonstrates how the E.G. Trailing Stop can be used in position management.
