Exit criterion

[Volfixtrader]

I disagree with all in or all out because there is no way for you to know if your trade is going to take. In fact, one of my "base" cases for a new strategy is whether it is better than random entries with the same money management. Taking little wins allows you to offset little losses which lets you take big wins that are the sweet spot for your strategy.

Commissions and fees for transactions might eat all your profit.

 

[Volfixtrader]

after a lot of backtesting, with my previous trades, i came to the conclusion . as long as i am making money, no need of tweaking something just to squeeze more from the market. i will stick with "all in all out- put trade and forget" method as it is mentally relaxing for me.

There is more than one way to skin a cat. so i will skin it peacefully with my old method.

Thanks guys for the ideas. It means a lot to me.

It depends on your position. If we have a good trend and If the price breakthrough some local extremums sothe best solution would be holding position. But if we trade in some balance area we should use sort goals for take profit. IMHO.

 

[nooby_mcnoob]

Commissions and fees for transactions might eat all your profit.

The idea is that you will eventually get a big move. But yes, if you never get the big move, you won't have any profit.