Quote Originally Posted by Pascal View Post
The trailing stop is the last line of defense, especially in an automatic system.
So my guess is that even an intraday robot would not overrule the last line of defense.
Better be out and reassess.

Pascal
Pascal, if I understand you correctly, your point is that even an intraday robot would need to make exit decisions solely based on a line in the sand (the trailing stop). The question I have is, when would re-assessment of a new entry be done by an intraday robot? Is it not reasonable for an intraday robot not to wait till EOD but determine within a short period of time (after the trade exited) that the next trade provides for a desirable re-entry at the then-prevailing price?

Trader D