So how to take profit guys ? How do you close positions ? BIG MOVES
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DislikedSo how to take profit guys ? How do you close positions ? BIG MOVESIgnored
{
Weight=0; Sum=0; t=0;
for (i=0;i<=Len-1;i++)
{
g = 1.0/(Coeff*t+1);
if (t <= 0.5 ) g = 1;
beta = MathCos(pi*t);
alfa = g * beta;
price[i] = iMA(NULL,0,1,0,MODE_SMA,Price,shift+i);
Sum += alfa*price[i];
Weight += alfa;
if ( t < 1 ) t += 1.0/(Phase-1);
else if ( t < Len-1 ) t += (2*Cycle-1)/(Cycle*Length-1);
}
if (Weight > 0) MABuffer[shift] = (1.0+Deviation/100)*Sum/Weight;
if (Filter>0)
{
if( MathAbs(MABuffer[shift]-MABuffer[shift+1]) < Filter*Point ) MABuffer[shift]=MABuffer[shift+1];
}
}
Disliked{quote} All that I can say from my own experience is that long term it is much more profitable to have fix target instead of trying to trail and catch big trends. All my backtests and forward tests and real trading has proved it, no matter what system I used. We do not need many pips, we trade for money. So, better increase your lots if you have a proper system, instead of hanging in trades for long time.Ignored
Disliked{quote} All that I can say from my own experience is that long term it is much more profitable to have fix target instead of trying to trail and catch big trends. All my backtests and forward tests and real trading has proved it, no matter what system I used. We do not need many pips, we trade for money. So, better increase your lots if you have a proper system, instead of hanging in trades for long time.Ignored
DislikedWhich brokers do you use ? Istvan, Lebanese, Indrek, gmcc ? Because there is spread. On that pairs which trade Lebanese i have spreads about 5 pips. So this is important in money management how do you do with that ?Ignored
Disliked{quote} OK , but if you loose on ranging market, 10, pips 10 pips 10 pips 10 pips = 40 pips , so then if you will find good trend then u enter then you are +30 pips and then what ? You close it? Or you wait for 50 pips to be on profit? What iif the price will go down to -10 pips then you are = - 50 pips So how much take profit ??????Ignored
Disliked{quote} OK , but if you loose on ranging market, 10, pips 10 pips 10 pips 10 pips = 40 pips , so then if you will find good trend then u enter then you are +30 pips and then what ? You close it? Or you wait for 50 pips to be on profit? What iif the price will go down to -10 pips then you are = - 50 pips So how much take profit ??????Ignored
Disliked{quote} When trading a basket some pairs will hit SL but others will be well trending, put a target for u let say u need 500$ when this basket hit 500$ close all basket and that's it. Indrek gave u an amazing answer following big targets and overtrading will take all your profit, trade 1 or 2 days with fix target and enjoy your time all the week with spending it.Ignored
Disliked{quote} I dont get it.... i TP 500$ but all other will make me loose -500 ,-600, -700$ ?! Please i dont understand! Man how do you earn 1000$ when 90% positions are in lost...?? example: 1 position -100$ 2 position -100$ 3 position -100$ 4 position -100$ 5 position -100$ 6 position +500$ So sum of all 0. So how do u earn ?Ignored
DislikedHere's a concept that uses the same strategy different entry style with profit target. If its uptrend you wait for the signal dot. Then find the lowest low just prior to the signal dot. If its a downtrend you do just the opposite. Instead of waiting for the breakout you can fade into the first pullback after the signal. Here's how to identify. {image} Once you identify the levels take a fibonacci retracement and pull it from the lowest low to the next highest high (for a long) that develops around the signal dot candle. I like to use the 50% level....Ignored
DislikedHere's a concept that uses the same strategy different entry style with profit target. If its uptrend you wait for the signal dot. Then find the lowest low just prior to the signal dot. If its a downtrend you do just the opposite. Instead of waiting for the breakout you can fade into the first pullback after the signal. Here's how to identify. {image} Once you identify the levels take a fibonacci retracement and pull it from the lowest low to the next highest high (for a long) that develops around the signal dot candle. I like to use the 50% level....Ignored
Disliked{quote} Nice Fiddy I was playing around with the indicator the other day on a few instruments (EURUSD, AUDCAD, FTSE) on D1 taking entries as per your conditions with an initial stop taken at 1 pip above/below prior swing high/low to define trade risk% and position size and simply exiting the position on the open of the bar after a changed colour dot. It is nice to close a trade with a reduced loss or possible profit when it doesn't work out. Seemed to work quite well but haven't tested the robustness of it yet. Nice indicator. :-)Ignored
DislikedHere's a concept that uses the same strategy different entry style with profit target. If its uptrend you wait for the signal dot. Then find the lowest low just prior to the signal dot. If its a downtrend you do just the opposite. Instead of waiting for the breakout you can fade into the first pullback after the signal. Here's how to identify. {image} Once you identify the levels take a fibonacci retracement and pull it from the lowest low to the next highest high (for a long) that develops around the signal dot candle. I like to use the 50% level....Ignored