Quoting stevecartwrightDislikedDid you ever find a god way of achieving this. Its the one thing that really bugs me. I have tried buying a second lot and setting the SL to break even e.g. 1st trade reaches 100 pips so buy/sell another lot and set SL to price -/+50. If it goes back then you get out at breakeven other wise you now have 2 lots going forwards. Only my idea and only used it a couple of times. Never seemed to get onto a good enough run until recently.Ignored
No, I haven't really found a consistent way of taking profit. I have recently been trying something different. I use the same trailing stop method. Now, however, I use two lots and take profit for one lot at Vegas levels and let the other lot ride with the trailing stop. This is very much a work in progress but so far seems to be doing OK.
Cheers
Fozzy