Trailing candle bottoms
How to trail candle bottoms and what the (dis)advantages are.
The first trailing strategy is a conservative one, which is to trace it upwards using the Heikin Ashi candle lows. On each candle close we move our stop up to the low of that closed candle and follow the trend upwards that way until a reversal candle moves below our stop loss. This can be a very good strategy when a market is trending heavily to catch the majority of the move. However, in a weaker trend it can also work against you. Because you're trailing the trend closely you might get wicked out of a trade quicker.
A sample trade while trailing candle bottoms.
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