hello Xard
hope you are doing well
there are various exit methods mentioned throughout this thread. In v53 you have mentioned that you plan to hold trades until a new green zigzag line is drawn
i would assume that if the trade goes your way you would exit when a Green line is drawn but what would you do if the trade goes is the opposite direction how do you manage that.
could you please clarify this
Looking forward to your reply
thanks
XARD: If I place a trade to go one way and price reverses and starts to go the other way I EXIT right away without thinking (in the past I have blown accounts sitting on a trade waiting for it to turn around). The analysis may be right but the timing could be off, better to sit on the sidelines and simply WAIT. If the trade is going my way and I am at say 15% up and it looks like it will continue then I might stay in longer. Other times I will just book the 15% and WAIT for another trade to appear or just call it a day. It all depends on how hungry I am for Pip$. Take some meat off the bone during London session and see if there is more for the taking in the US session. Wash, rinse, repeat.
Re: XARD - Simple Trend Following Trading System
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