Exit Strategy.

I'm using this strategy depends on market conditions that are running, not all market conditions in accordance with the strategy I use.

l also got an exit strategy which is very protective.when l am trading with 1 hour time frame l prefer to use the previous candle as my stoploss.when the new candle open below the previous one then l will sell and l will place my stoploss as high of the previous candle.so the logic here is to keep the stoploss very short .so if the trend will turn back against you you will not loss much.and it will work most of the time.

I know strategy sometime is default.it gives us sometime bad position.but strategy is perfect.but u r right when strategy is entry point u may get profit.for this reason u should know the market movement and avoid the greed.

I know very well with the strategy I use. I would not use the strategy when market conditions are bad.

Usually every one put efforts to find out good entry level, exit in forex trading also has siginificant importance,an exit strategy is as important ans an entry strategy . they should all be used to make your trading abit profitable .so when it start behaving otherwise what do you do ? you guessed it .

I have seen that many traders make their strategy but they can not fix exit point. It means they can be able to make entry strategy but they face with exit strategy. However, a support or resistance level can be a exit system.

I will stop using the strategy, if strategy is not in accordance with market conditions that are running. Each strategy has no rules, you should not break the rules that have been made​​.

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Originally Posted by sgiant

I know very well with the strategy I use. I would not use the strategy when market conditions are bad.

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means you have to wait for the right moment to taste and your analysis,, yes you too long but most important is an analysis in which when the time is right to enter and when the right time to exit

Yes exit point is very important and it is also called closing trade point, i think when we open any trade then we should give stop loss and take profit , if we give these then we cannot fall in big loss and can get our target profit easily even we do close our platform.

The best exit strategy that I use is the stop loss level the reason is because I am more comfortable setting my stop loss in other for me to avoid any form of loss or margin call. I don't choose to use hedging because I don't understand it and it has caused me so much loss.