Trade Management Strategies

 

Anyone know any good trade management STRATEGIES or scripts like those that insure maximum profitability and good risk management to minimize risk ?


For example, once a position is is in profit for 10 pips, half the position is closed, the stop loss is moved to break even, and the other half is let running till an opposing signal comes by. This minimizes the risk exposure and lets the winners run as long as possible.


Any other ideas / Scripts ?