Download MetaTrader 5

Good and reliable exit signal for EA

To add comments, please log in or register
Publish your article to let the traders see it in MetaTrader 5!
Christian Schuller
1475
Christian Schuller 2016.06.30 21:20 

Hello,

I am trading with an EA following trend by MA and other indicators.

What good exit signal can you recommend?

What are the best exit signals available that can be programmed into that EA?

Regards.

Nitin Raj
6749
Nitin Raj 2016.06.30 22:00  
Chris Celis:

Hello,

I am trading with an EA following trend by MA and other indicators.

What good exit signal can you recommend?

What are the best exit signals available that can be programmed into that EA?

Regards.

  • Overbought/oversold exit.
  • Bullish/Bearish divergent candle reversal exit.
  • SL trailing exit.
  • Opposite Signal exit.
  • Profit target based on initial risk. 
Christian Schuller
1475
Christian Schuller 2016.07.02 21:12  
Nitin Raj:
  • Overbought/oversold exit.
  • Bullish/Bearish divergent candle reversal exit.
  • SL trailing exit.
  • Opposite Signal exit.
  • Profit target based on initial risk. 

Hi,

can you explain overbought and oversold more?

How do you set profit target based on initial risk? Is it simple take profit?

Nitin Raj
6749
Nitin Raj 2016.07.03 19:47  
Chris Celis:

Hi,

can you explain overbought and oversold more?

How do you set profit target based on initial risk? Is it simple take profit?

Hi Chris,

  • Stochastic and RSI are two most famous indicators to find the overbought/oversold zone in any market.

  • If your initial risk is 1% per trade which is calculated using the stoploss. If you choose risk/reward ratio as 1:1 then you will have a take profit same as stop loss. If you choose risk/reward as 1:2 now your profit target will be double the size of SL and so on.
Regards,

Nitin       
Christian Schuller
1475
Christian Schuller 2016.07.03 19:56  
Nitin Raj:

Hi Chris,

  • Stochastic and RSI are two most famous indicators to find the overbought/oversold zone in any market.

  • If your initial risk is 1% per trade which is calculated using the stoploss. If you choose risk/reward ratio as 1:1 then you will have a take profit same as stop loss. If you choose risk/reward as 1:2 now your profit target will be double the size of SL and so on.
Regards,

Nitin       

Hi Nitin,

thank you!

Regards

Chris

Tomas Vanek
19908
Tomas Vanek 2016.07.06 18:26  
Chris Celis:

Hello,

I am trading with an EA following trend by MA and other indicators.

What good exit signal can you recommend?

What are the best exit signals available that can be programmed into that EA?

Regards.

You could try PSAR indicator as exit signal.
Christian Schuller
1475
Christian Schuller 2016.07.06 22:17  
Tomas Vanek:
You could try PSAR indicator as exit signal.

Thank you. PSAR is often too late.

To add comments, please log in or register