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The practice is not to trailing TP, but to close ONLY on TP. Consequently, TP is also used to close unprofitable positions.
I don't get it.
It is modifiable. A primitive TP trawl is too strong a limitation on the capabilities of the TS.
These two conditions for TP correctness have nothing to do with the opening price of a position.
Modifiable. A primitive TP trawl is too much of a limitation on TC's capabilities.
I agree, and the trawl is a simple way of doing things without much logic to feel the topic.
So I guess if we got a significant loss in position, its take may also be in minus zone.
Yes, yes I get it. It's an interesting topic.
Two obvious rules:
I tried several variants of sliding TP about 6-7 years ago, including limited position builds instead of SL. I don't know about FOREX, but I didn't like it on FORTS and gave up.
Now I have almost all trading robots without TP at all, only with dynamic and often non-linear SL.
I've been working in the Forex market for a long time now, and I've got a good feeling about it. But there are still a lot of untried ideas.
Two obvious rules:
Yes I agree, I wish we could reconcile the market with this classification :)