Quote Originally Posted by TraderD View Post
The effect I'm referring to has to do with a stopped exit which depends on the original entry price (assuming the trailing stop isn't lowered before that) which I find to be an arbitrary dependency, as related to influencing which of the following scenarios is going to unfold:

(1) Original stop is 79.23 (corresponding to 77.52 entry limit), position is stopped out, price continues to 79.31 limit entry, robot doesn't re-enter. Discretionary entry is advised to be skipped too?
(2) Original stop is 79.44 (corresponding to short entry at 77.73), position isn't stopped out as price continues to 79.31 where secondary (discretionary) entry takes place. Price possibly continues to stop out original position at 79.44 (but secondary position is already in effect)?

Trader D
We do not advise any discretionary/secondary entry.

Back-tests have shown that because secondary exits are "late" compared to an original entry, on average, they are offer worst returns. If an original entry is exited, we might consider the trade flawed, either because the direction is flawed or the statistics are. Hence, a secondary entry might not be a good idea. So, if a secondary entry is close to the stop of an original entry, the situation is the same: it might be flawed. So better stay out of the secondary entry.


Pascal