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Trailing stop while scalping ES or MES? How do you decide on size for the stop?


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Trailing stop while scalping ES or MES? How do you decide on size for the stop?

  #1 (permalink)
 stumbras 
Denver, Colorado
 
Experience: Beginner
Platform: Trdstation Trgview Motiwa
Broker: EdgeClear, Tradestation
Trading: Futures and Forex
Posts: 42 since Apr 2021
Thanks Given: 9
Thanks Received: 20

Anybody uses Trailing stop while scalping ES or MES? How do you decide on size for the Trailing stop?
Why/why not?

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Can you help answer these questions
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  #2 (permalink)
 COoneguy 
Denver Colorado USA
 
Experience: Intermediate
Platform: Motivewave/Optimus Flow
Broker: Optimus/ AMP/ Ironbeam
Trading: es nq
Frequency: Several times daily
Duration: Minutes
Posts: 37 since Feb 2020
Thanks Given: 19
Thanks Received: 39

Hey stumbras,
The approach I use is to examine my setups and trades, historically, and see how much maximum adverse excursion (MAE) you incurred on entries. I record this data every day for every setup and can see on a rolling basis how much heat I took and how far the move went in my direct (MFE). This helps me set stops and targets.

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Last Updated on May 5, 2021


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