This method allows you to lock on profits on moves.
Best of all, you can automate this on entry.
Great for if you cant check in on your trades due to other commitments.
In simple terms I use ATR on the time frame of preference.
2x the average true range (ATR) your entr time frame.
1x if you want tight trade management.
3x if you want to losen it up.
There is no single best setting. It always comes to preferences.
I prefer 2x when I use this.
Set the trailing stop loss to this amount
The order will auto adjust
Alternatively, trailing manually behind the 30 or 60 min bar highs/lows will achieve a similar result