my view : all this ( type of position, when get a position, take profit, stop loss , trilling stop or exit from position )
Thanks For Replay
Strategies for getting more profit from each trade .
Example : trailing , break even , Parabolic SAR ,.....
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?
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"
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.
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 ?