There are few kinds of exit strategies, every exit strategy depends on the traders' trading style itself. The most common of them are :
1. For scalping, TP 2 or 3 pips, SL is adjustable (TP and SL are as the exit strategy for scalping).
2. For daily trading, exit when the current trend changes.
3. Hedging/locking with double lot size when the price moves against us, close all open positions when the sum of profit is bigger than the sum loss (exit from the market).


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