+20 points then hit SL later.

• 10/22/2020 at 6:08 PM #148113
  bullbear

  I think it happens quite often that a position goes well at first but then it ends with SL.
  Usually use Trailing SL with keep point after + 40-50 points (dax index).
  A second exit can be good to have?
  It still feels a bit boring when you have a win of 20 points for a while, but in the end it will be SL of 80-150 points.
  How do you usually handle this?

  

  bullbear

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  10/22/2020 at 6:56 PM #148123
  robertogozzi

  You can let the trailing stop start earlier.

  Your SL is your first (main) exit price. Your Trailing Stop is your secondary (second) exit price, do you need another one? At what price level?

   

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  Kovit

  

  robertogozzi

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  10/23/2020 at 1:38 PM #148232
  Roger

  Maybe you can add a third way to exit position by using a break even stop ?

  

  Roger

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  10/24/2020 at 10:27 AM #148314
  bertrandpinoy

  hello everyone I am happy to see this topic because I sometimes encounter the same problem as bullbear. the trade is positive and finally closes losing …

  in this example I use Nicolas’s prorealtime code:

  trailingstart = 3.5 // trailing will start @trailinstart points profit
  trailingstep = 1 // trailing step to move the “stoploss”

  how to put trailing stop a priority?

  

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  10/24/2020 at 1:54 PM #148323
  Eric

  What also happens often (for me anyway)

  A take profit level act like a resistance and price stops 1 point or two before it hits and then gets stuck for a while and then turns down and hit the stop instead

  When i trade manually and see this i try to close the trade before it turns down,

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  Eric

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  10/25/2020 at 11:17 AM #148389
  GraHal

  What do you think of this hypothesis …

  The myriads of Algos running on any particular instrument have been optimised (not all on PRT, but many other Platforms also) and most Algo have used a best value in the past for Take Profit and Stop Loss?

  If above then when the TP is hit and profits taken and price then moves in the opposite direction and slowly but surely that level features as a Resistance or Support  Level on charts of the various Platforms.

  Above could be why … price stops 1 point or two before it hits (Eric notes above) … and then reverses.

  So above is why we need to regularly optimise TP and SL else we are using last months profitable levels that are not necessarily this months profitable levels??

  Anyway a few thoughts … just felt like hypothesising! 🙂

  

  GraHal

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