Suggest a policy to take profit.
Just as you have a signal to enter the market you should have a signal to get out of the market.
The only reason to get out of the market is if you (or your algorithm) believes the market is going to reverse or become unforecastable in the near term.
Whenever I prepare to exit a position I always ask myself "so, if I am confident now is the time to exit the market then does that mean I am confident now is the time to open a position in the opposite direction?".
If I can't answer that question then I am probably exiting my position without just cause.
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I am a developer, I was used to find a good indicator to make a better advisor.
But at last, What I found is:THERE IS NO INDICATOR ALWAYS PROVIDES RIGHT TREND
Then, I read many export's program to find their advantage and try to use for my self.
I have some methods, including LARGE STOPLOSS, HEDGING, and so so.
But large stoploss makes your money very danganous, that's depends your good lucky.
Hedging is also, I think hedging may make your money safe, and also possible lose your double money or even more.
with my experience, I think the most effective policy for un-professional user (like me) is:make smaller stoploss and make larger takeprofit.In this policy, high chance of take profit is not in my consideration, I try to make a order that has profit more larger than other lose orders.
I have tested this policy and show you a report(from 2010-1-1/2011-1-19),It's loss is about 35%, It's profit is about 1500% per Year, this is to verify policy, so I used control point when do back test.