Today I will show you some trades made by the Prop Master Expert Advisor.
1. EURUSD on May 14, 2024. The maximum price value of the previous day was broken and the market reached TakeProfit very quickly.
2. EURUSD May 17, 2024. The trade closed at trailing-stop. In this case, it seems that the trailing stop prevented us from earning more. If we look at the specific trade, it looks like this. If we look at the overall statistics, in most cases trailing stop helps to earn at least some profit, in those cases when the price turns around before reaching TakeProfit.
3. EURUSD May 23, 2024. An example of a trade when trailling-stop function allows to avoid a loss at the moment of false breakout of the support level. You can see how a breakout of the price level occurs and then a sharp price movement in the opposite direction. Trailing stop in this case not only allowed to avoid a loss, but also allowed to earn a small profit. This is why using a trailing stop is important when you trade using a price level breakout strategy to maximize profits and avoid losses on a reversal of the price in the opposite direction.
