Simon's Lazy System

[quovadis]

Some help/advice on the stop loss and exit rules please. "Until you reach breakeven, use a 20% trailing stop". Presumably that means that the trailing stop moves to breakeven when the trade is 20% in profit. Correct? Exit on a "lower low" (opposite for shorts). Is that intraday, at 16h30 or on EOD data? If EOD is the exit the next morning @ market.