Exit Strategy.

[mdjoy50]

trade that made unexpected pips.
Both of these are telling us something. The exit is just as important as the entry!
good like forex forum indian

[sweetrevenge88]

Different type of traders has different style of exit strategy. It is important to remember that once the market gives you profit already you have to decide to close it or wait for more. If you want to wait for more profits to come, set a stop loss at least 5 pips to protect your profits.

[rilmo]

as i know, traders said that he have good trading planing if in trading he always using SL and TP for limited his trading process. in this case, he have set all position, profit or loss.

[mizishab]

This are very essential in the consideration control methods, display me a well administrator in the experience and i will explain to you a trader that really know what he is doing and will be successful.

[atjashim]

Exit factor is very essential and it is also known as ending business factor, i think when we start any business then we should give stop-loss and take benefit, if we give these then we cannot drop in big reduction and can get our focus on benefit quickly even we do near our foundation.

[aiiu]

traders loss cause they just daring to open trade strategy and they coward to cut the loss, so they open trade without stop loss and hope the market will be touch he predict without stop loss its will be a big big mistake

[Sri Hartono]

exit strategy with the strategy when we decided to open a position, we first analyze the direction of the price first and then we map the extent to which the price movement limit, if the price is not able to penetrate the limit is, at this moment we have decided to exit

[nurulkabir]

der I thing entry and exit very power for forex. so if you cannot profit from forex . what is benefit liability forex ? so we have to flow and choose when will we exit pleasing profit.

[abnoman]

Bro I thing entry and exit very power for forex. so if you cannot profit from forex . what is benefit doing forex ? so we have to flow and decide when will we exit taking profit.

Thanks

[roncos]

You may have the best of trades that turned into a loser, or u lost extra pips. Or, you had a bad trade that made unexpected pips.
Both of these are telling us something. The exit is just as important as the entry!

Besides exiting around areas of support or resistance, sometimes we feel disappointed by either not closing out earlier or closing out too late (lost some profit)

well, this is a simple method i've created tohelp keep pips on the table. It is quite simple, i give it in 3 steps

1. Three bars after entry move your SL to B.E (break even)
2. When another bar has formed, count from the new bar 3 bars a back (lets call it bar X).
3. Place your SL at the low of (bar X) for buying positions or at the high of the (bar X) for shorts

My backtest shows that if the trades are bad, u will be stopped out early without losing much. If the trade is good (lots of long bars) you will be stopped out when the trend is first exhausted.

Worked for me, hope it worked for you.

P.S, just pick a direction and try it...I know it sounds silly (funny to me too) but this is just my observation. Hope you can double check it with me and report your findings.

Good input, I agree sir
I have a little input, sorry if I'm wrong
I always use a trailing stop
the point I adjust with the on-going