When to exit, both targets and stops, is where I have spent a lot of time analyzing, testing, and trading over the last couple of years. I only trade ES and NQ or the micros and I have gravitated to a short time frame. Not scalping but 15-30 minutes in most trades unless I'm stopped out sooner. I tried letting my winners run and found I gave up too much when they finally quit running. I am now favoring taking a reasonable profit and reentering if the trend is still showing a few minutes later. I also went from trailing to fixed stops, but if my first target is hit I move my stop to BE. I almost always have two stops and two targets at 50% each. As several have noted in this thread time frame, what MA, and what chart you are using are pretty much an infinite number of combinations. For my purposes I did a lot of testing on the time frame I was targeting and using MFE and MAE stats was able to get a reasonable measure of a typical move or a typical whoops I'm wrong on this entry level. I am using 1, 5 and 30m charts. I use Ehlers MAMA indicator which is close to an 8/3 EMA crossover, but it's easier to implement in MotiveWave which I use. I also use ADX as a trend strength indicator to try and stay on the sidelines until a trend is showing some strength. You will have to do your own testing because each situation is unique and I'm still learning on this strategy after almost two years at it. I couldn't find anything that reacted fast and consistently enough to use as an exit trigger. Doesn't mean it doesn't exist. That's why I decided to just take a reasobale profit and move to the next trade that could be a continuation or a reversal.
