Exit Strategies... - Page 2
Page 2 of 733 FirstFirst 123 LastLast
Results 11 to 20 of 330

Thread: Exit Strategies...

  1. #11
    Depends what you aim. Note that I trade dailies.

    New daily candle open is a good place to shut if you are targeting shorter duration.

    Donchian channel route is just another quite good if you are targeting medium term trades, such as 5-10 day donchian channel works very well (depending on what time interval trades you are targeting).

  2. #12
    Quote Originally Posted by ;
    yeah and it works, why are you really amazed?
    No, I am not surprised, just wanted to know that I am knowing that right. I find that a lot of trend follower turtles on the planet use MA.
    Since I am fan of SR and TSL I am going to have a look at this notion about MA as well...

  3. #13
    Quote Originally Posted by ;
    Dear All,

    I'm using a simple Trend Following System (trendlines mostly) that is giving me good entry points, however on pairs such as EURUSD I gets a couple of hundreds in green, then the trade reverses and time leaves me with very little or no profit. The exit egy I'm using (which evidently isn't working) is to exit on closing above/below 75 EMA. I would like to hear from you all, what's your exit egy?

    Thank you for your time!
    What about a count line exit?
    https://www.forexsoutheast.asia/atta...1552956403.pdf

  4. #14
    I think every system has entrance and exit egy,

    ex.
    Entry buy support depart resistance,
    Stochastic entrance sell on overbought and exit oversold region, and etc..

    And
    if you have entrance egy but you do not have exit point, that's amusing

    __________________________________

    http://forexinterval.blogspot.com/

    .

  5. #15
    Quote Originally Posted by ;
    I feel every system has entry and exit egy,

    ex.
    Entry buy support exit on resistance,
    Stochastic entry sell on overbought and exit oversold area, and etc..

    And
    if you've entry egy but you do not have exit point, that's funny

    __________________________________

    http://forexinterval.blogspot.com/

    .
    Well, as I mentioned, I input when the tendency is well under way. To maintain the losses , the initial stoploss (changes from pair to pair) is put to 50-100 pips. Once the price is above/below my buy price by 50-100 pips, I place the SL to BE. Then I let the trade run until it hits close above/below the Exit MA e.g. 75 (I'm playing with different MA periods currently). If try to use the same egy for exit as my entry, I'm sure all my trades will result in 0 pips. Besides, who do not wants to get more out of a trade?

  6. #16
    Quote Originally Posted by ;
    What about a count line exit?
    Guppy is something that I really like. Good to find/see the breakouts and change of trends. Yeah you need to takecare of false breakouts or trend changes but nevertheless a fantastic way of looking at the chart.

    I'll look into the document attached. Thanks a lot for that, really appreciated!

  7. #17
    Has anyone thought about making an exit egy according to ATR of the specific chart you're using?

    I exchange the 4 hr chart and each upgrade I utilize the ATR to figure a take profit degree. 1.6 x ATR for the very first target, 6 x ATR for the next target.

    Following the first target I move the stop around BE 1 and then trail quits on swing highs/lows between that and the final target.

    For me this has a lot of benefits. (1) It keeps the goals dynamic to the general volatility of the current market. If the curren price surpases the general volatility I wish to take profit. (2) With a larger multiplier on the next target allows for fashion riding and automatically adjusts when the momentum begins to fade. . .taking profit very close to a swing or an extreme. (3) By dividing the position into two parts I'm able to successfully exchange a ranging market together and keep losses low while keeping an eye toward the eventual tendency.

    I utilize an ATR set at 24 time frames to keep the general volatility relatively smooth and even.

    Any thoughts?

  8. #18
    Quote Originally Posted by ;
    Has anyone considered making an exit egy based on ATR of the specific chart you're using?

    I exchange the 4 hr chart and each update I utilize the ATR to calculate a take profit amount....
    Gspajon, sorry for dumb question, could you please elaborate on how you calculate the goal i.e. 1.6 x ATR for the very first goal, 6 x ATR for the next goal? I included ATR to my chart, largely it is less then 1. Could you please clarify the practice of calculating the target price?

    Additionally, Thanks a lot for the participation!

  9. #19
    N00b,

    Its rather simple. The number you see on the ATR is that the Average True Range of the chart. In otherwords the number you see is that the normal number of pips that the chart travels in 1 time period (averaged over the number of periods you enter).

    Right now in my 4 hr chart, the EUR/USD ATR (set at 24 periods) is 0.0077. That is 77 pips to me and you. 77*1.6 = 123 pips (round to the number). 123 pips is my very first target on this chart. 77*6 = 462 pips (round to the number). Thus 462 pips is my final target.

    I run this calculation every four hours and specify a price alarm for the very first target and a limit for the next. Once the price alarm triggers I shut 1/2 the place and increase the stop. From there I track the halt on the swings.

    Its not quite sexy but it appears to work and has you at least some reasonable profit. My strategy is averaging about 65% precision using this take profit thought. This means about 2/3 of the time that I have a profitable commerce.

    Using a lower multiplier...1*ATR or 0.75*ATR will most likely increase that strike rate up. But as I'm considering riding tendencies I have it set somewhat higher.

    Like anything else in this game it is a balancing act. Take profit too soon and see that the price continue to move in your favor but you do not get any. . .take profit too late, and you watch what was formerly a 300 pip place turn into a 75 pip position. . .still profitable but. . .HEY!

    Incidentally. . .Greed for lack of a better word. . .is VERY BAD and will eventuall cause trader ruin.

  10. #20
    Quote Originally Posted by ;
    n00b,

    Its quite simple. The number you see to the ATR is that the Average True Range of the chart. In otherwords the number you see is that the average number of pips that the chart travels in 1 time period (averaged over the number of periods that you input ).

    At this time on my 4 hr chart, the EUR/USD ATR (set at 24 periods) is 0.0077. That is 77 pips to you and me. 77*1.6 = 123 pips (rounded to the number). 123 pips is my first target with this chart. 77*6 = 462 pips (rounded to the number). 462 pips is my final target.

    I run...
    Thank you to this gspajon, will give it a try forsure. I use M30 to exchange with, so I'll have to play ATR worth a bit...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.