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What's the optimum number of exits a trading system should have?

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Dua Yong Rew
5476
Dua Yong Rew  
  • 19%
    (14)
  • 33%
    (24)
  • 18%
    (13)
  • 15%
    (11)
  • 15%
    (11)
Total voters: 73
Dua Yong Rew
5476
Dua Yong Rew  

I assume the standard 2 exits a trading system should have is TP and SL

How many exits does your system have?

I just experience from my trading system that have 3 exits and adding one more does more harm than good 

Ronnie Mansolillo
5604
Ronnie Mansolillo  
I use TP,SL and Trailing
Dua Yong Rew
5476
Dua Yong Rew  
Rosiman:
I use TP,SL and Trailing
that's 3 exits
Ronnie Mansolillo
5604
Ronnie Mansolillo  
doshur:
that's 3 exits
yes 3
Olawale Adenagbe
5107
Olawale Adenagbe  
In trading, there is really no hard-fast rule or standard so to say. The number of exits would be largely determined by factors such as your risk appetite and your strategy. I would rather talk about least number of exits. One standard rule however in money management is to always ensure that you have a stop loss for every trade so from this angle, you may want to say that the least number of exit should always be 1.
Dua Yong Rew
5476
Dua Yong Rew  
verdure:
In trading, there is really no hard-fast rule or standard so to say. The number of exits would be largely determined by factors such as your risk appetite and your strategy. I would rather talk about least number of exits. One standard rule however in money management is to always ensure that you have a stop loss for every trade so from this angle, you may want to say that the least number of exit should always be 1.
Nope. I would not want to ask that.
There is already one exit in every strategy call margin call.

Im collecting statistics to find out if more exits in a trading system is more profitable or not.
Ovidiu Caslariu
7845
Ovidiu Caslariu  

I think 2 are enough.

Dua Yong Rew
5476
Dua Yong Rew  
MetaSky:

I think 2 are enough.

what are the 2?
Ovidiu Caslariu
7845
Ovidiu Caslariu  

The two exit strategies: one to handle profits and another to handle losses.

Dua Yong Rew
5476
Dua Yong Rew  
MetaSky:

The two exit strategies: one to handle profits and another to handle losses.

Hard values of tp and sl or variable?
12
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