I am running a breakout system and have reviewed my trades over the last few months and an area I think I can improve on is tightening my trailing stop to maximise profits.
In a number of cases a share jumped 50 - 100% but then slid away and I gave back a good chunk of the profit. I realise I will never hit the top, but I am looking reduce my 2.5 ATR stop as the profit level rises e.g. when 50% + then change the stop to be 1.5 ATR.
Do others do something similar?
I am currently working on some AB code to test this with historical data.