GTNew

Stockfetcher 2.0 would work for this, and the programming language is simple and easy to use. Check their website.

Personally, I've done better letting profits run and just adjusting my stop/loss point manually. I tried trailing stops, but they always stopped me out before the larger move got started. I believe the old farts were right in saying that your year will be made by a few big trades that make up for all those small losers you endure. There's always a trade-off, and trading a longer time frame often requires a wider stop/loss and more patience, so if you're someone who likes action or are not willing to hold through retracements, it could be a futile strategy. With stocks I trade the weekly chart, but Forex is a different animal. I don't have the cajones for that. I used to trade very short-term charts, without much success but now have latched on to the 4hr timeframe. Maybe someday I'll trade the daily.

I usually try to enter the trade off a candle, often it turns out to be a bullish/bearish engulfing line. I will put a stop above/below that swing low. On a 4hr chart it could be between 100-200 pips, but sometimes less. Obviously, money management is important. I find that stops <50 pips invite stop hunters and often get triggered. I am only speaking from personal experience, not trying to influence anyone.

One strategy that works for me over and over again is selling GOOG option spreads that are way OTM. My latest was selling the Dec 630/640 bear calls. I like GOOG because the OTM premiums are high enough to make the trades worthwhile. I usually try to enter the trade with 2-3- weeks remaining until expiration. I look for a recent swing high/low and sell the spreads with strikes outside the range of the bollinger bands(20). It's not the most sophisticated strategy, but it it high probability and very forgiving. I look at it as a monthly dividend.

My new Mantra is: "Trailing stops, just say no." I always get stopped out only to see the move continue in my anticipated direction. I gave up on that strategy. Since I started using Ichimoku, and trading primarily the 1hr and 4hr chart, I find that exiting at a Target price or zone gives me better overall results than trying to hold through the inevitable retracements that occur. This is especially true in a trading range environment. Another thing to consider is "when" you trade. If you're trading in a period of low liquidity, say after the NY close, there's a good chance stop hunters will get you if your stop is too tight. I now trade only when both London and NY are trading. I exit prior to the London close. Of course, if you are trading the daily or weekly timeframe, this would not apply to you. The longer the timeframe, the wider your stops need to be. It's more an art than a science.