Iam just A pips on the rode :nerd:
Dislikedmy idea is that we shold thak in cosidiraision pull bake and acording thise to set the trailng stop
lets asume we acspect 61.8 retracment so we will need to consider it when we seting are trailing?
what do you say?Ignored
Dislikedalot been writen about the exit while the most difficult think is to exit a trade...
thise thread will be dedicated to exit method from all kind of sys and generaly
you all wellcom to comment from your expirience or an idea you have been think about..
so what are the best ways to exit a trade white out to left much on the table and having a good r/r?
DislikedI'm a swing trader. I trade swings on a 4 hr chart. My suggestion is this: Do a little homework on the timeframe YOU trade. Measure each swing on that tome frame. Go back severals years if necessary. Find a number that consistantly pays out more than 60% of the time. Set your first take profit there. Find another number (using the same process) that pays out 20% of the time. Set you second take profit there.
When your 1st take profit is hit, take 80% of your current position off. Raise your stop up to break evdn or better, then let...Ignored
DislikedAttached is a management EA that will do this trick for you. To save you, and other visitors some time. It might help if you use it correctly.Ignored
DislikedAs I am not much of a programmer, I wouldn't understand what is written in the code...but can you tell me how does this EA work? How does it determine the swing size? Is it based on the last x number of swings? And how does it determine the swings themselves.
I have always been a bit skeptical when allowing a computer to "think" for me. But this sounds like a very useful tool, if I understood more about how it works.
Can you advise?Ignored
Dislikedi just only use use fractal indicator in fx. so when i open a trade then i just follow the fractal indicator althrough its give signal late. but i love that. nd normaly i set my tp at 50-70 pips.Ignored
DislikedYour initial stop loss should be at a point where if it is touched, that initial trade idea is invalidated.
TP's can be executed in a myriad of ways, and I won't enter that discussion, however as a general rule I find it useful to think - when green on a trade - "would I enter a new trade here?"Ignored