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

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Dua Yong Rew
5423
Dua Yong Rew 2014.05.07 05:47 
  • 19%
    (14)
  • 33%
    (24)
  • 18%
    (13)
  • 15%
    (11)
  • 15%
    (11)
Total voters: 73
Dua Yong Rew
5423
Dua Yong Rew 2014.05.07 05:49  

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
5501
Ronnie Mansolillo 2014.05.07 09:38  
I use TP,SL and Trailing
Dua Yong Rew
5423
Dua Yong Rew 2014.05.07 10:24  
Rosiman:
I use TP,SL and Trailing
that's 3 exits
Ronnie Mansolillo
5501
Ronnie Mansolillo 2014.05.07 10:26  
doshur:
that's 3 exits
yes 3
Olawale Adenagbe
4850
Olawale Adenagbe 2014.05.07 10:49  
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
5423
Dua Yong Rew 2014.05.07 12:28  
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
7846
Ovidiu Caslariu 2014.05.08 21:30  

I think 2 are enough.

Dua Yong Rew
5423
Dua Yong Rew 2014.05.10 09:48  
MetaSky:

I think 2 are enough.

what are the 2?
Ovidiu Caslariu
7846
Ovidiu Caslariu 2014.05.10 20:24  

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

Dua Yong Rew
5423
Dua Yong Rew 2014.05.11 01:38  
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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