Good and reliable exit signal for EA

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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.

 
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. 
 
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?

 
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       
 
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

 
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.
 
Tomas Vanek:
You could try PSAR indicator as exit signal.

Thank you. PSAR is often too late.

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