Was wondering, whats the best way to take profits, when trading something that is trending? Currently trying to see if I can create a profitable EA, but can't decide on exits. Looking for something that is fairly balanced in profits, and win percentage. Drawdowns are fine, but I want to capture profits while I have them. IE not let winners, turn into losers sort of deal.
Basic premise of the system is, longs above 10 day MA, shorts below. Not much I can say then that, that would be helpful in determining the best course of action, I think.
I guess its an extremely general question, really just looking for ideas I can test out. Anything whacky is fine too, no one is judging here. Please just feel free to shoot ideas.
Thanks
Basic premise of the system is, longs above 10 day MA, shorts below. Not much I can say then that, that would be helpful in determining the best course of action, I think.
I guess its an extremely general question, really just looking for ideas I can test out. Anything whacky is fine too, no one is judging here. Please just feel free to shoot ideas.
Thanks