Which is more important? Entry or Exit of a position?

[Aleksey Rodionov]

For me important.

[Xiangdong Guo]

Exit level

[Dua Yong Rew]

Or both important? 

[Young Ho Seo]

Very good entry is where you start your position with profit. Very good exit is where you take out maximum profit. 

However very good exit is quite often very good entry for opposite order. 

Therefore both are important. 

[Sergey Golubev]

both

[Dua Yong Rew]

newdigital:
both

equally? I feel exit has slightly more weight than entry.

[Dua Yong Rew]

FinanceEngineer:

Very good entry is where you start your position with profit. Very good exit is where you take out maximum profit. 

However very good exit is quite often very good entry for opposite order. 

Therefore both are important. 

you mean reverse signal

conditions for buy = close sell

conditions for sell = close buy

right? 

[Sergey Golubev]

The threads on the forum :

• Exit Strategy : What's yours?
• Which strategy is best to close the position?

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Videos :

• Simple example about entry and exit method for swing traders (D1 timeframe)
• Effective Forex Exit Strategy For Traders
• The Importance of Exit Strategy, part 1
• The Importance of Exit Strategy, part 2
• The Importance of Exit Strategy, part 3
• The Importance of Exit Strategy, part 4 - guidance of great traders

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video February 2014

newdigital, 2014.02.09 10:04

Perfecting Trade Exit Strategies

Trade exit strategies form the part of your trading plan that help your profit management. Buying the correct stock and the correct number of stocks is all to no avail if you do not know when to exit a position. In fact, having a definitive exit strategy is as important as defining your entry.

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Articles :

• Evaluation of Trade Systems - the Effectiveness of Entering, Exiting and Trades in General
• 20 Trade Signals in MQL5

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[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

BRAINWASHING SYSTEM

newdigital, 2013.05.16 18:39

This is example with bad entry: I opened the trade without iTrend confirmation and most probably - it will get stop loss (it may be about 20 pips in loss):