Okay I believe there was some good feedback concerning the Best Way To Choose Lot Sizes, therefore I had thought I would post a different thread, this time seeing exits.

It appears to me a great irony of trading which we spend hours studying and studying, until we have those ideal conditions as given by our indiors to enter. We place an order when (such as ) RSI crosses 50, 5EMA crosses 10EMA, along with my grandmother falls asleep. When do we depart. When the price goes up 50 or goes 25. How much sense does this make having conditions for our entries but random numbers for our exits?

I believe that we ought to base our leaves on the very same indiors we base our entries on. Why would we cease tracking the indiors after we entered the trade and blindly wait for the trade to close in the black or red?

Therefore my answer to this problem is to produce levels or conditions for our exits in addition to our entries. I believe that one can raise winning percentage and potentially decrease the average loss. I am not yet sure what these levels are or how to ascertain them, but I think this philosophy will be more profitable compared to the widely used current method.

I appreciate any and all suggestions,


Note: In this thread and also The Best Way To Choose Lot Sizes, I am speaking in terms of mechanical trading egies and EAs. I realize many, perhaps all, successful traders use discretion within their trading. But, I am currently studying mechanical systems, and'm not worried with discretion at the moment.