ForumSections

Which strategy is best to close the position? - page 6

New comment

Close Delete On Friday - expert for MetaTrader 5

Close Delete On Friday - expert for MetaTrader 5

On Friday, starting from the specified time ' Friday Start Hour ' :: ' Friday Start Minute ', the utility starts closing positions and deleting pending orders.

Forum on trading, automated trading systems and testing trading strategies

Where Do I start from?

Sergey Golubev, 2024.03.20 06:28

Trader-friendly stop loss and take profit

Trader-friendly stop loss and take profit

Stop loss and take profit are stop orders that close a position when the price reaches their value. Stop loss allows traders to limit losses, while take profit enables thjem to save their gains. The main advantage of using stop loss and take profit is the ability to control financial risks and use money management.

noorad sharafi:
Which strategy is best to close profitable positions ?

Based on extensive back testing, for retail traders overall costs and conditions, closing a position at n standard deviations or ATR from the current price seems to be the best choice.

Optimal Trade Exit in MQL5: Longstaff-Schwartz Least-Squares Monte Carlo for Continuation-Value Estimation

Optimal Trade Exit in MQL5: Longstaff-Schwartz Least-Squares Monte Carlo for Continuation-Value Estimation

Every discretionary trader asks the same question about an open position: is this the best exit I'm going to get, or should I give it more room? Most automated systems answer with a fixed stop-loss/take-profit pair decided at entry, sometimes with a trailing rule bolted on - a reasonable default, but one that throws away information, since the market keeps talking after entry and a fixed level can't listen to any of it.
Optimal Trade Exit in MQL5: Longstaff-Schwartz Least-Squares Monte Carlo for Continuation-Value Estimation
Optimal Trade Exit in MQL5: Longstaff-Schwartz Least-Squares Monte Carlo for Continuation-Value Estimation
  • 2026.10.27
  • www.mql5.com
This article models position exits as an American option and implements the Longstaff–Schwartz least‑squares Monte Carlo in native MQL5. The engine calibrates drift and volatility from recent returns, simulates forward price paths, and uses backward induction to compare immediate exercise to continuation. It integrates into an EA with hard time and price backstops and a live indicator, and is tested on four symbol/timeframe combinations with mixed, reproducible Strategy Tester results.
theres no best one, it really depends on what your entry gives you. but exits matter way more than most people think

  i once copied a gold scalper and spent weeks trying to find the edge in his entries. ran 200+ tests, found nothing, basically coin
  flip. the whole pretty curve came from the exit, tiny TP and holding losers until they come back. looks amazing until the one trade
  that doesnt come back

  so a cheap test: keep your exit, swap your entry for random entries and run it. if it still looks ok, your exit is doing all the
  work. then try trailing vs fixed TP vs partial close on the same entries and compare the drawdown, not just the profit
123456
New comment