Taking profits for trend trades

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

what about the vegas tunnel or fib levels?

regards damien

Read the Turtles system..........

Thanks a lot guys, will check them both out.
Keep em coming folks, cheers

Continuously, and at support/resistance. Of course, you would keep entering on pullbacks to maintain the position.

1. Agree with Mr J. S/R (recent candle highs/lows; recent daily or session highs/lows) represents higher probability reversal points. If it also coincides with pivot levels (PP, S1, R1, etc), round numbers (xx00 and xx50), trendlines, and/or possibly fibo levels (50, 61.8, 38.2), then even better.

2. Consider taking partial profit on the close of large range, high volume candles, especially if the move is already mature. These frequently signpost impending exhaustion of the current leg of a move. (I use this primarily on the M15/M30 TFs).

3. As a general rule, in a stronger trend (i.e. if you have the backing of longer term trend, and/or trading strong vs weak currency) be willing to a larger part of the position run longer.

Scaling out doesn't necessarily provide an edge, but it will smooth your equity curve. It's largely a matter of personal preference.

Thanks guys. I should have said, these ideas I need to work for an EA. I suppose practically anything is programable though?
Anyway, thanks again. Will test all of this stuff over the weekend. Anyone with anymore ideas, feel free to shoot em.

Hi,

Since you trade with the trend you might consider to trail the entier position and don't use profit targets at all. You don't know when a trend ends.

My own mechanical exit (I trade Daily bars, EOD ) is a combination of trailing behind ATRs and behind lowest low of the last n bars in a LONG position. Works pretty well for me, as long as I'm on a trend.

well if yor using a 10 ema to get in why not use it to get out if it crosses back over the ema close out

regards damien

I'm focusing on trying to get the highest win percentage possible. I'm using huge stops, and trying to book profits when I'm up at least 30 pips or so. Right now I'm doing similar to what soso is doing I believe. Putting in a trail when I'm up 30 pips, of 50 percent, and letting it rip. I figured it gives me about a 28 percent edge, over just taking off 30 pips, which is nice. I am seeing if I can improve on that, but I know it won't be easy.
Have a lot of fun testing to do this weekend, if anyone wants to add to my load, feel free to post some more ideas. Will give everything a shot, and I suppose if you want the numbers, just PM me too.