EXIT strategy

There are tons of strategies out there to find a good entry. After some time you’ll find out that the goal to a constant profit is a good EXIT strategy. So I found one which I want to develop with EA Wizard. I visualized in this strategy in a chart. Does anybody have an idea how to start with this exit strategy in EA Wizard? Any suggestions? What do you think about it? Is it good or bad? Other exit strategy ideas are welcome!

Thanks! 🙂

Hello,

you cannot make a losing system profitable by any money-management or exit method if your system lack some statistical edge on entry points ensuring market will go in your favor more often than not. Still a good exit strategy can have huge impact on overall performance. What you suggested on the chart above can be done using EA Wizard

Hi Tomas,

I hope I did the first steps right. But I don’t know how to set th TS 10 pips below the second close after/while it happend. Do you have an idea? I attached the strategy. Thanks for your help! 🙂

Best regards

Conmariin

P.S: Couldn’t either add the .sqw nor the .zip file 🙁

The exit strategy can be downloaded here

ok thanks, will check