Trade Management Strategies | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Money Management Strategies 21 replies

Alternative Trade Management/Money Management Methods 3 replies

Successful Trade Management / Risk Management 0 replies

Money Management Strategies Thread 19 replies

Trade Management Strategies

  • #1
  • First Post: Sep 26, 2009 12:54pm Sep 26, 2009 12:54pm
Anyone know any good trade management STRATEGIES or scripts like those that insure maximum profitability and good risk management to minimize risk ?


For example, once a position is is in profit for 10 pips, half the position is closed, the stop loss is moved to break even, and the other half is let running till an opposing signal comes by. This minimizes the risk exposure and lets the winners run as long as possible.


Any other ideas / Scripts ?
  • #2
  • Sep 26, 2009 1:17pm Sep 26, 2009 1:17pm
Quoting simran99
Anyone know any good trade management STRATEGIES or scripts like those that insure maximum profitability and good risk management to minimize risk ?


For example, once a position is is in profit for 10 pips, half the position is closed, the stop loss is moved to break even, and the other half is let running till an opposing signal comes by. This minimizes the risk exposure and lets the winners run as long as possible.


Any other ideas / Scripts ?
It also gives you maximum loss, if your full position gets stopped out.

Many, if not most, times, you only take partial profit.

It isn't a good idea...IMO
  • #3
  • Sep 26, 2009 3:59pm Sep 26, 2009 3:59pm
Thanks for your input.

Yes, i do understand that.... but if the market is trending, the gains are nice.

This being stopped-out risk can be averted with a maximum stoploss value.

Besides if you dont take partial profits you usually end up giving back the market the whole profit and end up with a net loss.

Any other ideas besides taking partial profits ?

Does anyone know what function to call up or use to close or reduce, for example 5 Lots from a 10 Lots open position (without opening a separate position in the opposite direction) ?
  • #4
  • Sep 26, 2009 4:34pm Sep 26, 2009 4:34pm
hello simran,

i'm very happy that you have started this thread because i'm new to forex (bad english too) and i think its a important issue,i have heard from partial TP (half of lots BE and the other half with TS) but its also not guaranteed that the market goes allways "10pips" in your direction, if the market turns against you, you have "doubled" your loss instead normal,i dont know how to protect profit in best way,therefore i look forward to hear from experienced people here in this thread,thank you again!

sam
Money is made by sitting, not trading. Jesse L. Livermore
  • #5
  • Last Post: Oct 14, 2009 11:10am Oct 14, 2009 11:10am
Quoting simran99
Thanks for your input.


Besides if you dont take partial profits you usually end up giving back the market the whole profit and end up with a net loss.
you made the case for NOT scaling out and just exiting completely. if you "usually" end up ending with a net loss, means your strategy doesnt have much expectation of a big run.. might as well get out the full position in profit
- nick andre -
0 traders viewing now