Mine is based on an the average true range, ATR.
Further info here, enjoy.
http://www.investopedia.com/articles/trading/03/080603.asp
http://www.tradernexus.com/advancedstop/advancedstop.html
Even if you find a company with the best fundamentals I'd recommend a trailing stop on any trend. I leant this at great expense.
So its worth spending time on this. Its also takes the hard decision of selling out of your hands.
IMHO
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Mine is based on an the average true range, ATR.Further info...
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