This strategy is similar to Scalp MX but not as volatile, and normally creates fewer trades. On the other hand it also has the potential for bigger profit and losses during the individual positions.

As with the other strategies this is a strategy where you should take advantage of trailing Stops for profit, to get a better profit than by using a fixed profit goal.

This strategy is a fine 'partner' in a combination with 'Scalp MX

Profit by following TrendCatch

from the opening to the close - a short trading day (Thanksgiving 2008)

Stop Profit Point/Stop Loss Point:

SP 3 / SL 1  - Result: + 8 points.

Using Trailing Stops instead of using fixed profit goals and thereby taking advantage of the long Trends would make the profit rate much higher depending on the administration  of the stops.

Total Potential Max Profit

+ 26.25 points.

The advantage with this strategy is that it normally is possible to trade several times on the same price and there is relative enough time to get into a trade. It is also less frustrating to follow.

Trailing Stop Profit protects a profit, but let a winner run as long as possible.

The most basic technique for establishing an appropriate exit point is the trailing-stop technique. Very simply, the trailing stop maintains a stop-loss order at a precise percentage or number of points below the market price (or above, in the case of a short position).

The stop-Profit order is adjusted continually based on fluctuations in the market price, always maintaining the same percentage or points  below (or above) the market price. The trader is then "guaranteed" to know the exact minimum profit that his or her position will garner.