Posted In All Articles No comments. Profitability of FOREX trading systems depend more on exit timing than on entry timing, and here is why. It theoretically means that even if you flip a coin in order to decide whether you are buying strategies selling a currency pair today, you should still be a profitable trader if you exit the market at a right time, every time. You trading noticed that often you either close your positions too early or too late and because of that you miss a significant chunk of profit. There is nothing you can improve at the entrance point. You can cut your losses at least in half if you trading hedging instead of fixed stop losses. To fix your losses, instead of setting a stop-loss order, set another order in the opposite direction at the stop loss target point sell order for our strategies. If market starts to move against your open position, you will end up with 2 opens positions: Hedging is a very good trading exit strategy. It lets you fix losses when exit is high and certainty is low, and exit the market later at the nearest inter-session or inter-trend flat with zero loss most of the time. Inter-session flats for EURUSD are 30 40 pips on average which corresponds to the average stop-loss size of a day strategy. Inter-trend flats are often even more 50 70 pips on average. Now take profit Setting take profit orders correctly may double your profits. You probably set take profit orders to your projected profit targets or do not set them at all. If you set take profit order to your profit target, you will lose a big chunk of your profit if market moves well beyond it. If you forex not use take profit orders at all, in many cases you will also lose part of your profit if market pulls back near your profit targets. So I suggest you use take profit orders but in a different way. I even recommend you to use the same forex profits for your hedging orders also. In many cases these big take profit orders will be executed before market starts to pull back. I tested it many years ago, and I use such big take profit orders every day with a great success. If you see that the market flats out near your profit target, just exit your position manually or set a trailing take profit order if you expect more. Email will not be published required. Trading Signals Home About Us Refund Policy Privacy Policy Earnings Disclaimer Contact Trading. Trading Exit Strategies Posted In All Articles No comments Tweet. Recent Posts FOREX Tester Using a FOREX Simulator The Best Exit Broker What Should You Look For When Choosing A Forex Broker Forex Arbitrage Expert Advisors for MT4 How to find best expert advisors for MetaTrader How to Test Forex Strategy Investing in Forex Online 4 Things to Remember When Trading in Forex. Archives February January Strategies September August July June forex Privacy Policy Refund Policy Contact Us Earnings Disclaimer.
How to Know when its Time to Exit a Trade: Trading Exit Strategy
How to Know when its Time to Exit a Trade: Trading Exit Strategy
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