The trailing stops indicator was designed for traders to use and to have no worries or hassles of calculating your stop losses. It does it for you and lets the trade breath allows for wiggle room, you will see larger trends which = more consistent gains. No worry of calculating stops, software does it automatically, never second guess the trend again. Trailing stops moves with the price action and not a lagging indicator, it plots a series of small hash marks under the candle bars which are visually easy to see and read. Giving you the maximum effect of where you should place your stops. Paint bars move with the price action never repaint. Most accurate indicator we have, use on stocks, futures or crude oil. Renko Bars include with the software.
The calculation it makes moves with the overall trend and volatility of the market. Its far enough away not to get stopped on regular basis, but close enough to work with no second guessing. The Trailing Stop Indicator can be used for both long and short trades and be used to lock in your profits and to protect your profits. You can use the trail stop also as an exit strategy. The Trailing Stop Indicator should be in every traders toolkit, as it will let your gains run and cut your losses with no second guessing on where to place your stop.
From the chart above you can see how accurate and precise the trailing stops are. The small hash marks under the candle bars let you stay in the trade for the full trend. Below is a picture of the parameters for the software and you can set audio alert for the trend changes. Reminds me of the guy who requested the alert, said he doesn’t like to sit at the computer all day, he sits on couch watches tv and when an audio alerts sounds he runs to make a trade, pretty silly if you ask me.
Then since all traders are different you can edit the default colors and make them any color you wish.