Which strategy is best to close the position?

[noorad sharafi]

Which strategy is best to close profitable positions ?

[Sergey Golubev]

take profit value :)

[Mehrdad Shiri]

noorad2000:
Which strategy is best to close profitable positions ?

my view : all this  ( type of position, when get a position, take profit, stop loss ,  trilling stop or exit from position )

                  called strategy.

             

[noorad sharafi]

newdigital:
take profit value :)

Thanks For Replay

Strategies for getting more profit from each trade .

Example :  trailing , break even , Parabolic SAR ,..... 

[Sergey Golubev]

If you have a strategy so exit should be part of it. Strategy without exit is not a strategy.

What the people are using for exit?

• Parabolic
  
• overbough/oversold levels (stochastic, demark and so on)
  
• support/resistance level (povit, fibo and so on)
  
• opposite signal to enter
• openning the other trade on same direction with increased lot size (martingale)
• openning the other trade on same direction with decreased lot size but with increased take provit value (anti-martingale)

I think - closing on overbough/oversold (stochastic etc), support/resistance (povit/fibo) and simple trailing stop are most popular for the people who consider about "let the profit run"

[Sergey Golubev]

Just look at this page - https://www.mql5.com/en/forum/9773 there are some exit strategies too

[noorad sharafi]

newdigital:

If you have a strategy so exit should be part of it. Strategy without exit is not a strategy.

What the people are using for exit?

• Parabolic
  
• overbough/oversold levels (stochastic, demark and so on)
  
• support/resistance level (povit, fibo and so on)
  
• opposite signal to enter
• openning the other trade on same direction with increased lot size (martingale)
• openning the other trade on same direction with decreased lot size but with increased take provit value (anti-martingale)

I think - closing on overbough/oversold (stochastic etc), support/resistance (povit/fibo) and simple trailing stop are most popular for the people who consider about "let the profit run"

Thanks A lot :)

[Sergey Golubev]

Hi noorad2000,

Just look at this video here https://www.mql5.com/en/forum/11940/page6#comment_511210 - I will place very short video lessons about exit strategies for whole the day today on that thread.

By the way - good thread you started.

[Simon Gniadkowski]

noorad2000:

Thanks For Replay

Strategies for getting more profit from each trade .

Increase your position size . . .

[Mehrdad Shiri]

RaptorUK:
Increase your position size . . .

?!/!?

[Simon Gniadkowski]

TIMisthebest:
?!/!?

Ignoring the effect of spread . . .   if my position is 0.1 lot  and my profit is X then using a position size of 0.2 lots will give me a profit of 2 * X  

2 * X is more than X  so this achieves the objective of    "getting more profit from each trade ."  no ?