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Old Jul 26th, 2012, 04:17 PM   #1
masterm1ne
 
 
Join Date: Dec 2009
Posts: 911
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?
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Old Jul 26th, 2012, 04:52 PM   #2
jack hershey
 
 
Join Date: Feb 2003
Location: Tucson, AZ
Posts: 8,539
The simple way to take all the offer is to be looking for the next entry.

BUT there is a caveat.

The next entry is in the OPPOSITE DIRECTION from the hold you are now in.

Just become a trader who just looks for one thing ALL OF THE TIME: The next perfect entry.

This is what makes all ATS's coding so simple.

Stay in the market ALL THE TIME and just KEEP DOING PERFECT ENTRIES.

google EMG; she thinks its higher education. The above IS higher education.
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Old Jul 26th, 2012, 05:12 PM   #3
ExchangeBonds
 
 
Join Date: Jan 2012
Posts: 175
Quote:
Quote from jack hershey:

Stay in the market ALL THE TIME and just KEEP DOING PERFECT ENTRIES.
Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.
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Old Jul 26th, 2012, 05:20 PM   #4
athlonmank8
 
 
Join Date: May 2007
Location: Midwest
Posts: 3,142
Quote:
Quote from ExchangeBonds:

Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.
Care to disprove him?
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Old Jul 26th, 2012, 05:24 PM   #5
Chuck Krug
 
 
Join Date: Apr 2006
Location: Belgium
Posts: 1,512
you can exit in 2 times
first to pay for your losers
and the second for the homeruns
don't do this myself, but something to look into none the less
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Old Jul 26th, 2012, 05:25 PM   #6
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
Quote:
Quote from ExchangeBonds:

Worst advice ever. Please stop posting lest someone actually wastes their time trying figure out the shit you post.
that's actually not too different than the way I do it. Although, I trade a portfolio with a target, it doesn't matter to me what each individual trade is doing, when the account hits the target I get flat, but these trades can go on a long time, and many times, I switch sides in the middle of a trade before the target is hit.

But man, it sure is nice to hit the target and get flat (which I just happen to be at the moment.)
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