Best Exit Strategies for Forex market ?

**angelnish** · 06-28-2012, 09:46 AM

"Best Exit Strategies for Forex market ? - Hey all
I had a hunt around but its pretty thing on the ground out there regarding what is the best Exit strategy for a trade (let alone Forex specific)
so c'mon lets get to business and decide / Debate the area that is actually more important than the billions of threads on Entry points......anyone can enter a trade ........but when to leave the party ?

**Korg** · 06-28-2012, 10:34 AM

My exits are based on support and resistance levels, so when price is about 15 pips from a major level, I take profit. And also on the other hand, when price breaks through a major level, I will have my stop 15 pips on the other side.

**sngerge** · 07-10-2012, 10:29 AM

Should be base on your ATR. 50% would be good to filter away noise that could stopout stoploss your potential trade.

**angelnish** · 07-11-2012, 07:03 AM

I would agree that most people have far to much emphasis on the entry strategy and then seem to wing it on the exit, with either no strategy or a very lose one, and this is why they fall prey to the emotions of fear and greed either holding out to long (greed) or cutting it early (fear). I believe the exit strategy should be predetermined at the time of entry based on the risk / reward ratio and the win / loss ratio of the system being used. If the trade looks like it is going to fly past the exit then I will still exit as planned and wait for the next set up, the exception to this is if your entry criteria is generating a second entry signal which will allow you to push further out your exit point and if you wish add to your trade and tighten your original stop.

Please correct me if am wrong.

**angelnish** · 07-11-2012, 07:04 AM

I would agree that most people have far to much emphasis on the entry strategy and then seem to wing it on the exit, with either no strategy or a very lose one, and this is why they fall prey to the emotions of fear and greed either holding out to long (greed) or cutting it early (fear). I believe the exit strategy should be predetermined at the time of entry based on the risk / reward ratio and the win / loss ratio of the system being used. If the trade looks like it is going to fly past the exit then I will still exit as planned and wait for the next set up, the exception to this is if your entry criteria is generating a second entry signal which will allow you to push further out your exit point and if you wish add to your trade and tighten your original stop.

Please correct me if am wrong.

**bestforexpartner** · 07-11-2012, 07:07 AM

Forex has some important rules for example we should have good knowledge of when to take entry and when to take exit from the market. If we have good knowledge of exit and entry timing then we can take appropriate decisions of currency investment and can prevent our trading from all the risks of the market.

**angelnish** · 07-12-2012, 06:13 AM

Originally Posted by bestforexpartner

Forex has some important rules for example we should have good knowledge of when to take entry and when to take exit from the market. If we have good knowledge of exit and entry timing then we can take appropriate decisions of currency investment and can prevent our trading from all the risks of the market.

hi best forex partner
thanx for your post

**sngerge** · 07-31-2012, 04:57 AM

I agreed. Forex has some important rules. A trading strategy with entry and exit rules are important if you want to be consistently profiting from Forex trading.

**Korg** · 08-02-2012, 10:21 AM

Originally Posted by sngerge

I agreed. Forex has some important rules. A trading strategy with entry and exit rules are important if you want to be consistently profiting from Forex trading.

Do you have a trading strategy yourself?

**sngerge** · 08-08-2012, 08:35 AM

I use a multiple EA with long and short term trading. So is like a basket of strategy trading. some win and loss and on other months some loss and win.