Hi all,
What are some Core exit Strategies that everyone uses ?
It seems to me that when developing an EA the most important aspect for the EA is how to exit the position. As we all know this is what pays us.
Therefore in any development of an EA these strategies are what should be tested/optimized the most it seems? Correct me if i'm wrong.
So can you please list your preferred exit strategy.
1. Fixed Take Profit
2. Trailing Exit (Fixed Pips)
3. Trailing Exit (ATR based)
4. Percentage of the Average Daily Range
5. Fixed Level Exit (example next round number or next daily pivot level)
6. Candlestick High/Low Look Back
7. Fractal Swing High/Low Trailing Exit
Just some thoughts.
What are some Core exit Strategies that everyone uses ?
It seems to me that when developing an EA the most important aspect for the EA is how to exit the position. As we all know this is what pays us.
Therefore in any development of an EA these strategies are what should be tested/optimized the most it seems? Correct me if i'm wrong.
So can you please list your preferred exit strategy.
1. Fixed Take Profit
2. Trailing Exit (Fixed Pips)
3. Trailing Exit (ATR based)
4. Percentage of the Average Daily Range
5. Fixed Level Exit (example next round number or next daily pivot level)
6. Candlestick High/Low Look Back
7. Fractal Swing High/Low Trailing Exit
Just some thoughts.