I have been trying to figure out a way to exit a trade the best point.
The way everyone teaches or explains is some sort of trailing method (for trend following), via visualization or close above/below moving avg etc. This works well at times, but other times will get you stopped out right before the market goes further in your direction (I realize this is a fundamental nuance of trading).
Testing results for a trend following strat shows that using a trailing stop in the manner depicted, or moving averages is far better than using a set target or other exit methodology.
The thing I don't like is the fact that you aren't getting out where the trade is most valueable to you in any trailing order case. Instead, you have to wait until price starts moving against you to know when to exit. Is there a better exit methodology?