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Which strategy is best to close profitable positions ?
my view : all this ( type of position, when get a position, take profit, stop loss , trilling stop or exit from position )
called strategy.
Thanks For Replay
Strategies for getting more profit from each trade .
Example : trailing , break even , Parabolic SAR ,.....
If you have a strategy so exit should be part of it. Strategy without exit is not a strategy.
What the people are using for exit?
- Parabolic
- overbough/oversold levels (stochastic, demark and so on)
- support/resistance level (povit, fibo and so on)
- opposite signal to enter
- openning the other trade on same direction with increased lot size (martingale)
- openning the other trade on same direction with decreased lot size but with increased take provit value (anti-martingale)
I think - closing on overbough/oversold (stochastic etc), support/resistance (povit/fibo) and simple trailing stop are most popular for the people who consider about "let the profit run"
![DeMarker (DeM) DeMarker (DeM)](/i/code/indicator.png)
- votes: 10
- 2010.01.26
- MetaQuotes Software Corp.
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![Market Condition Evaluation based on standard indicators in Metatrader 5 Market Condition Evaluation based on standard indicators in Metatrader 5](/i/community/logo_mql5_small.png)
- www.mql5.com
If you have a strategy so exit should be part of it. Strategy without exit is not a strategy.
What the people are using for exit?
- Parabolic
- overbough/oversold levels (stochastic, demark and so on)
- support/resistance level (povit, fibo and so on)
- opposite signal to enter
- openning the other trade on same direction with increased lot size (martingale)
- openning the other trade on same direction with decreased lot size but with increased take provit value (anti-martingale)
I think - closing on overbough/oversold (stochastic etc), support/resistance (povit/fibo) and simple trailing stop are most popular for the people who consider about "let the profit run"
Hi noorad2000,
Just look at this video here https://www.mql5.com/en/forum/11940/page6#comment_511210 - I will place very short video lessons about exit strategies for whole the day today on that thread.
By the way - good thread you started.![Something Interesting in Forex Video May 2013 Something Interesting in Forex Video May 2013](/i/community/logo_mql5_small.png)
- www.mql5.com
Thanks For Replay
Strategies for getting more profit from each trade .
Increase your position size . . .
?!/!?
Ignoring the effect of spread . . . if my position is 0.1 lot and my profit is X then using a position size of 0.2 lots will give me a profit of 2 * X
2 * X is more than X so this achieves the objective of "getting more profit from each trade ." no ?
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